hello sgoni it may well fall but I can't see it falling much more.It has treaded water over the last few days and has received recs for buys from brokers due to the promise of the merger going ahead.The sellers even today have thined in particular the short sellers have tried to manipulate the price down but have been meet with buyers.On the buy side there are buyers trying to force the price up.It looks like a similar situation to GTP the other week when short sellers were trying to force the price down but were meet with buying and promptly had to cover their positions.The fundamentals of the company are solid which also underpines price with or without the merger.So I am happy to enter the stock at todays price.The stock has also fallen from a high of $1.50.It could move back to $1.20-1.30 quickly.One to watch.
- Forums
- ASX - By Stock
- strength returns
IBA
iba health group limited
hello sgoni it may well fall but I can't see it falling much...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)