There was a buyer (or buyers) soaking up everything put up at 58c.
As soon as between 10k and 20k was on offer at that price, about 10k would be chomped.
Could have been a substantial accumulation by someone happy to buy in at that price.
Totally irrational selloff, even if the world goes into recession governments won't be able to cut back much on health spending. IBA future revenues are much more secure than most other sectors. The 24% trashing of the shareprice that happened Weds/Thurs looks more and more like manipulation, especially since it appears the stock was illegally shorted.
IBA Price at posting:
54.3¢ Sentiment: LT Buy Disclosure: Held
