I saw an obscure reference to Blackstone today and in that they said that the Chinse Sovereign funds have takena major stake in IDL.
Now folks have gotta wonder what going on, 18 mill contract and heck not even the previous support line at .42 was reached. Yeah we know it will b ehard to get through the .42 to .45 levels but hell we never even got close to .42 ! So I had my holds at .37 and .375 and expected t sell some at .415 but that did not happen. SL got me at at barely brkereage price LOL
How crazy is this ? I mean the PE was at about 6 whats it now ??
Everyone knows its crazy. IDL as tought me one lesson and I will share this.
By all means build up a watch list of attractive co's whith great upside potential but dont just buy and hold. get familair with some technical analysis so you can still save yoursleves from the downside. Now tomorrow IDl may well rin to .415 and thats great for the holders. I dont care really as I will sue my rotating watch list for best entries based and exots based on TA and create the wathc list based on FA.
Pissed I am and I suppose the IPL board must be too. consiracy ? Who cares me stop losses keep me in the game for as long as it takes to get rid of the rubbish that's going on. I suppose it may require some appeasement from IPL to whomever or a head on threat ???? The rules are getting stricter.
Yes I sold merely to protect capital and to follow me rules.
Cmon 18 mill ???? and the SP goes down LOL. Seen a bit of thsi lately and it sickens me
IDL Price at posting:
$1.10 Sentiment: None Disclosure: Not Held
