I believe the selling to be more technical than fundamental. All I could see in the report was impact of bad weather - which was minimal in the scheme of things. Technically stock had a recent shooting star at $3.20. Tried again and failed at $3.10, then completed a head and shoulders and broke the 3 month upward trend line on the daily charts at $2.96. My guess is there were a heap profit of stops triggered which exacerbated move downwards. There wasn't huge volume with the move down. I agree IMD is a fantastic company. Once the dust settles and it finds a new base, i'll be loading up
IMD Price at posting:
$2.66 Sentiment: Hold Disclosure: Not Held
