Retail shareholders generally buy more as prices go up and conversly get sold out as their shares go down and hit stop loss limits. Professional investors buy when the outlook is uncertain to the public
Take todays trades , two crossed trades [which probably are between related party's and cancel out , then single sale of 1 share.] It didn't work today as no big seller got frightened out of his position and just before the close an order was filled @ 31.5c. But when the market opens next trading day the stock will drop on opening and register red and try to frighten the uninformed.
The thing I like most about IRD is that Sentient contol over 75 % of the company. They have form for bringing in resource projects. Bank of America and Mac Bank would be mad to borrow stock and start shorting. They would be squeezed
Just remember ; whatever the shareprice says, the resource will always exist.
IRD Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
