IBA iba health group limited

There is not any unkowns about what is occuring nor do charts...

  1. 195 Posts.
    There is not any unkowns about what is occuring nor do charts come into play. The facts are ever present:

    - Company had a substantial run up in a short space of time thus plenty of profit takers.
    - Further good news was to a degree priced in and combined with the co stating for fact they would need to come to market buyers held off and sellers rushed.
    - $28m of new shares are now in the market and without doubt a fair proportion of them are in 'hot' hands.
    - Combine this with Macq $13m sale and general sentiment it all currently stands to reason.

    I believe once the hot stock is bedded down and the overall soft sentiment abates that the shares will find a value well above the current 75c level. Time will tell.
 
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Currently unlisted public company.

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