whats going on at iof, page-3

Definitely being played by someone. big pushes by the bots up or down often precede a large cross. 41c the most recent with a push up to that price for the cross.

IOF has not been a performer over the last 20 days but has still traded a respectable volume of 10.5% of issue for 42c average.

I suspect that this does not have alot of investor interest at the moment, which I find a little surprising given it's 35.2% gearing, 3.4x ICR and ~8.5c div.
In many ways, it has been behaving like the large, low geared REITs that have been tagged to 'survive' some months back. The low geared REITs have not done so well recently while all the hot cash flooded into the highly geared REITs.
This probably as they are much closer to NTA. However IOF still has a large gap to close. If REIT's return to being the traditional 'safer havens', then IOF due to reasons set out below, could be one of the better performers.

I suspect there is an accumulator, but a seller also, hence flopping around at 42c. It is almost tempting to trade it for 2c moves. You can see the larger volume bars at 40-44c which is it's trading range. That said, a resurgent bull should easily overcome this barrier given the volumes traded, and then it *should* start to function as support.
With a 4c range, it is almost tempting to start focusing on trading IOF exclusively.

I bought three more parcels on Fri - one left-over order completion on the open and two fresh on the close. As I always try to be 100% in the market, this is one place where I put my money to keep it 'safe'. lol. But how safe is anything these days?!

What I like about IOF is it is one of the few REIT's that occupy the middle ground between the highly geared, high risk REITs and the boring low geared, low risk REIT's, So IMO it offers reasonable leverage with a lower risk profile.