IXR 0.00% 0.8¢ ionic rare earths limited

Just for context, we're just shy of 1bn share turned over in the...

  1. 3,940 Posts.
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    Just for context, we're just shy of 1bn share turned over in the last 4 trading days.
    Essentially 30% of the register roughly $35M worth. It's major changing of hands.

    Would be interested to see the broker data in a few days time. Surely with retail being the major buyers previous to sell off it's been a soak by pro's with retail getting swept up on the way down.

    Irrespective of that most indicators are in the oversold range. 14 RSI for example is at 20 or the lowest it's been since the stock was at .02c prior to the initial acquisition of the project a few years back.

    Might sell the bounce later this week with seller exhaustion - only so much ammunition left in the clip.
    Still think we'll be steady as she goes over the coming months and year but expect a bounce back to fairer valuation in the shorter term.

    Some left field positive news wouldn't go astray.

    SF2TH
    Last edited by setfire2thehive: 04/05/21
 
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