well... let's face reality.. Bellow 3.50? who are the sellers at that price? The stop losses went yesterday not today.
The market priced (severely) this CR and we are basically LESS than 3.50 (because 3.58-0.11= 3.47)
Iunderstand, considering I'm a trader by profession and so frequently shorter too, the share was overplayed and oversold. The correction may be starting today.
We are at least 10% under a minimum valuation of the share (4.00), and who cares about valuations? The company will start to generate income to improve the dividends. How many people around the world today are looking for safe heaven where money flows every single day and can produce fair dividends?
Share will recover day after day in a fantastic movement up.,
But just for the ones happy to INVEST. the ones who want to make 20% in one day... sorry... I don't think this will happen.
Just my views... My guess is before the end of THIS MONTH we will be 4.00
CATO
IFL Price at posting:
$3.58 Sentiment: Buy Disclosure: Held
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