Roch I’m here buddy. I didn’t know the market works off random posts about how the world is ending. Fundamentals yes Fundamentals AND human nature. The rigour of IVZ is weakening just a day after SM delivered such a great inspirational story. I thought I was going to see a clamouring to get into the 220 million market cap basin about to become a multi billion dollar asset shortly. But what did we see instead today? An 8.1% big red candle- doesn't auger well for the long slow march to the next big thing.
People need to eat, people need to pay bills. People are going to migrate to what they see as more enticing opportunities. Let's see if the small exodus we saw today continues next week.
Some punters on here today would quietly like to ask SM and you:
I’ll keep it simple for you:
1. When 2. When 3.When 4. When 5.When
So in conclusion for you Roach I'll believe it when I see it.
TBC
IVZ Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held
