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.
- Forums
- ASX - By Stock
- New all time high
IGO is one of those that will fall for an entire month before it...
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGO (ASX) to my watchlist
|
|||||
Last
$5.31 |
Change
0.040(0.76%) |
Mkt cap ! $4.021B |
Open | High | Low | Value | Volume |
$5.26 | $5.39 | $5.26 | $10.00M | 1.881M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 17916 | $5.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.33 | 15386 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 17916 | 5.310 |
4 | 2372 | 5.300 |
2 | 3746 | 5.290 |
4 | 6943 | 5.280 |
4 | 48793 | 5.270 |
Price($) | Vol. | No. |
---|---|---|
5.330 | 15386 | 1 |
5.340 | 65103 | 7 |
5.350 | 27863 | 6 |
5.360 | 9909 | 1 |
5.370 | 1700 | 2 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
IGO (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online