just looked at my chart again, incredible charts is playing silly buggers the ma's and ema's are all over the shop ?!? aaaah i think my free subscription expired last night that would explain...
but andy you're right the volume was low-ish and most of the trades were small bot orders... big money fishing for our stops maybe???
jumped onto my comsec platform and looked at a basic chart there, the candles definitely indicate some support at about 1.25 - its been resistance and support area a number of times in the past... however there are other levels too so identifying one isn't the be all and end all...
i don't know what's going on with this stock, by even conservative valuations we're undervalued ... we're in a hot sector where many companies are trading at PE's of over 20x (DCG and TOX come to mind) ... for goodness sake we're around 10x ...
quarterly due 17 feb - eagerly anticipating it, we'll have a much better idea if anything is really behind the recent action (apart from the COK force majeure)
IDL Price at posting:
$1.28 Sentiment: LT Buy Disclosure: Held
