lionel diggings, page-48

Sub 10c is big risk:big reward. Just why some investors think they are owed a big reward with no risk is beyond me ~ perhaps they are inexperienced?

IIG is proving to be less of a risk than your average penny stock, but market conditions has dampened enthusiasm for risk generally. I can't see this persisting for long - some bad indicators, such as the US collapse, is not improving but the Aus dollar is lower, Aus interest rates are lower and the oil price fell slightly short of the doomsayers prediction of $200/barrel (now at $107, but doomsayers are now predicting a spike to $120 at any moment).

So it's swings and roundabouts at the moment and market sentiment is vacillating between the glass half full (interest rates, lower dollar, lower oil price) and the glass half empty (US bellyflop) depending on the state of indicators that are quite unrelated to local conditions (eg US jobless figures).

The smallest upward movement of the IIG SP is 0.1c, which at the moment, represents a shift of 14.3%, and that is the potential profit for those who buy at 0.7c and sell at 0.8c ~ not a bad little earner :)

Robert