I think there wasa big holder that simply had enough clout to put a massive short call and dumped !
Having said that look at the banks and BHP and WPL. All ahve very very similar behaviour and guess what all these stock are insto traded. So the instos have simply decided to dump all these good companies and short.
From where I am sitting ASX behaved differently to all other exchanges world wide. All others are up quite nicely.
Never mind just have to go with the flow
IDL Price at posting:
$1.08 Sentiment: None Disclosure: Held
