I think we are in for a few tricky months ahead.
What are your thoughts on Friday's announcement about the release of shares from escrow? I am concerned, and I'm concerned that the accumulation is being done by those who are involved in the shorting ring who will aim to take advantage of the release of the 6 million + shares from escrow the day after the AGM (20 November).
As a result I've cleared my IPH holding, and I may buy back in when it gets back to the $4.30 mark.
Don't take my word for it though - I'm an amateur and this is not financial advice, but I just wanted to comment because I've been passionately long on this stock and so I think its only fair to state my position on the record.
odd price drop, page-32
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Last
$4.96 |
Change
-0.120(2.36%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.14 | $5.14 | $4.96 | $9.992M | 2.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86314 | $4.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.98 | 6881 | 1 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
