I will put it on the record and please energe before you accuse...

I will put it on the record and please energe before you accuse me of downramping I want to declare now that I never short stocks and I am not downramping (you really get very emotional about the stocks you hold). Anyway I don't believe there is a hope in hell of iba being rerated..it is going to .40. I think that is the only conclusion you could draw when you consider that it's main markets are europe, england and Ireland + the strength of the aussie dollar. The positive is that it is not going to go into receivership and will survive the next two years. Then perhaps we will see this company show what it is capeable of. So tough times but perhaps an oppurtunity for long term holders to accumulate. However according to the chart it does look quite good, it has completed it's 5 wave down and is now forming a good base, it's just on the fundamentals and prospects I don't feel a rerate is possible...I actually hope I am wrong..we will see.