It seems someone is determined to keep the price down!
Are we looking at a group of accumulators collecting for a single entity? (couldnt be that would be illegal) or are we simply seeing disgruntled investors exiting at every opportunity.
Did everyone notice how small the trading volumes were just before the announcement? Did someone know it was comming out this morning?
I notice the shorts have also been falling of in the last few days
30/06/2011 Short sales 1,148,273 01/07/2011 Short sales 202,908 04/07/2011 Short sales 86,160
IGR Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held