Not too sure someone is trying to keep the price down.
Pretty big rise from a recent low of 85c, short term traders and stale bulls will be very tempted to proft take right now given their probable belief (which I dont agree with) that there wont be much further news for some time.
With half the register owned by Stokesy the price of IOH does get smashed a bit by low volume trades, nice to pick off the small sellers for a great entry price.
As the wider market digests the deal could see buyers chasing less stock for sale, especially seeing that the buyback has soaked up a fair bit of stock already.
Not too sure someone is trying to keep the price down. Pretty...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
