Maybe just the IGO guys smarter than the pundits think. If a company think this year they are going to have a cracker $$ result why not drop a $1b impairment charge and revalue downwards. auto loss of a $ billion. Tax loss $1B. Little bit of pain on announcing then brain kicks in. Maybe everyone panicked. Usually a bad announcement is followed by an exceptionally good one, history has proven. And then u have Street manipulating to send yr brain goes fuzzy. (What will I do?) That’s what they want. Guaranteed in day or so Street will be new announcement: becoming a substantial shareholder. You can bet on it. Push prices lowers today with malice, to average out the price after recent pushing price up to $16!! ouch. Then this news. How to make money in supposed bad news.flog down and load up. Average out. Seems the suckers bought it on 9m turnover. Easy money! Algorithms laughing .
Mentalist123
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Last
$5.25 |
Change
-0.060(1.13%) |
Mkt cap ! $3.975B | |||
| Open | High | Low | Value | Volume |
| $5.28 | $5.30 | $5.11 | $21.23M | 4.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1025 | $5.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.25 | 330 | 1 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| IGO (ASX) Chart |