Good post Captain as always. I'll give IDC to 9.5c and at that point if it goes under that we are talking about "blue ocean" rather than "blue sky". There is NO support.
Nothing on the buy side means that it could fall very quickly indeed. I'm starting to think that IDC is a shorting stock for the big boys. Take the stock and then loan them out (as they will get them back at the end of the day).
IDC has the goods but just doesn't have the support. And so I have added a stop loss on my stock for the first time ever.
I have another stock AQO and held them all the way down from 18c to 8c. This was because they drilled 2x oil and gas well where they didn't find anything. This was the reason for the price drop. IDC have had nothing but good news for the last few years, but the share price has gone from 40 to 10c.
A $1,000 investment then would leave you with $250. This at the same time as the stock markets are near all time highs.
Sad really.
Good post Captain as always. I'll give IDC to 9.5c and at that...
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