Shorters don't hope for the price to drop They borrow shares and sell them for less and less forcing the price Down They them accumulate at a low price buying there own shares
They the start buying back of borrowed shares forcing the price up Usually on good news
When the price has peaked they then sell their accumulated shares Before the cycle starts again
LNC is a good example The price was forced down from $3 to 55 cents Some good news came and the price was let loose Up to $3 now the shorting has started again The SP is about $1.60
IVA on the other hand has so few retail shares takes very little To force the price either way Current value of the shares are about right As gold and copper are at bottom prices
The question is how long can IVA last before either the AUD to drop To 80 cents or for copper to rebound
At current condition the company is doomed The cash burn is huge at the moment
Hard to know what to do
I have averaged down a bit I would love to be confident enough to go all in at 13.5 cents
IVA will be back to $1 one day if it can stay afloat until conditions Improve
Imoo
IVA Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held