MACD on the daily turned down sharply with the drop last week, historically this tends to be the trend for IPP until the MACD turns positive again, which could be a while away considering the sharp sell off.
Maybe fund managers are starting to realise the the Chairman is tipping IPP into secondary assets like the one in Thailand, while his private company buys the top shelf, early stage portals in the more developing parts of Asia at much cheaper prices and with genuine chances of being no 1!
IPP Price at posting:
$2.76 Sentiment: Sell Disclosure: Not Held