It has gone a bit under the bottom of 7.42. Will see if it will...

It has gone a bit under the bottom of 7.42. Will see if it will end the day under this or will bounce back up. Intsead of panicking, one should continue to buy slowly every time it tests a bottom. There is no way of knowing when it will stop going down as this depends on the fire power of teh shorts and the panic of the long. Institutional investors are unlikely to sell now. It's only the fact that they let the shorts borrow the shares to sell short that is driviing the price down further. IGO has entered the extreme value space so the chance of going up is very high vs very low chance of going down further and staying down in the next 12 months.

I think in 12 months, people will look back and say this was the opportunity to buy yet they panic and did not take advantage of it.