For IFM holders, whilst looking around for info on IFM, I came across an article where the original boys who put out buy recommendations on IFM have now put out a sell recommendation and ceased coverage (they recommended IFM as a buy in 2004 with a 74c priceand would have lost heaps of dough on it). They've been selling down their position. I presume that many of the followers have also been selling. The article is available if you type in Infomedia into google news. The recommendation was made on 29th August. There's our sellers. Hopefully, this mob and their followers should have sold soon.
Now the good news. Following the sell recommendation, we know IFM bought a business. Google news shows they bought out their comeptitor. Here's one article on it:
The sell recommendation was brought out before the acqusition of the business. I'm hoping it's upward time for IFM again soon. We now know who the sellers are, and it will be a better beast with their new business.
Good luck, holders.
IFM Price at posting:
18.5¢ Sentiment: None Disclosure: Held
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