IVA 0.00% 21.5¢ inova resources limited

pennystock, page-23

  1. 8,033 Posts.
    lightbulb Created with Sketch. 566
    Shorters don't hope for the price to drop
    They borrow shares and sell them for less and less forcing the price
    Down
    They them accumulate at a low price buying there own shares

    They the start buying back of borrowed shares forcing the price up
    Usually on good news

    When the price has peaked they then sell their accumulated shares
    Before the cycle starts again

    LNC is a good example
    The price was forced down from $3 to 55 cents
    Some good news came and the price was let loose
    Up to $3 now the shorting has started again
    The SP is about $1.60

    IVA on the other hand has so few retail shares takes very little
    To force the price either way
    Current value of the shares are about right
    As gold and copper are at bottom prices

    The question is how long can IVA last before either the AUD to drop
    To 80 cents or for copper to rebound

    At current condition the company is doomed
    The cash burn is huge at the moment

    Hard to know what to do

    I have averaged down a bit
    I would love to be confident enough to go all in at 13.5 cents

    IVA will be back to $1 one day if it can stay afloat until conditions
    Improve

    Imoo
 
watchlist Created with Sketch. Add IVA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.