IGO is one of those that will fall for an entire month before it has a leg up. It looks like we still have 1 more week before it will find support. The shorts will take the chance to hit it as long as possible and hope for a major crash. Every morning it goes up they will sell it down. This really tests the nerves of those who are long on this stock. Those who are over-extended with this stock and borrow money to buy it will surely wish they should not have touched this beast. But when tehy exit with a loss, it would start to go up again. The shorts are working overtime on stocks like PLS and IGO.
We will see if it will hold above 6 in the next 10 days. It will be interesting to see i going under 6. There will be a bit of relentless buying when this drop is over. I reckon those who still sell short at this level is pretty silly but this is their business to crash stocks and keep them down and hope for a massive capitulation. An 80% drop will see this stock around 3.2. I hope it won't get there. I wonder why IGO did not keep the dividend money to buy back the shares rather than paying a small dividend.
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Last
$5.63 |
Change
0.175(3.21%) |
Mkt cap ! $4.339B |
Open | High | Low | Value | Volume |
$5.64 | $5.76 | $5.53 | $21.09M | 3.729M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 9937 | $5.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.63 | 43804 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 11316 | 5.630 |
25 | 18191 | 5.620 |
18 | 26495 | 5.610 |
15 | 51131 | 5.600 |
13 | 49148 | 5.590 |
Price($) | Vol. | No. |
---|---|---|
5.640 | 9042 | 20 |
5.650 | 11482 | 12 |
5.660 | 21881 | 14 |
5.670 | 19018 | 9 |
5.680 | 25065 | 9 |
Last trade - 15.52pm 27/09/2024 (20 minute delay) ? |
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IGO (ASX) Chart |