The sell bots on this stock are relentless, its been going on...

The sell bots on this stock are relentless, its been going on for over a month now. I doubt there is any point with charting or fundamentals in the near term to be honest. IBY is an illiquid piece of rubbish, if a large holder needs to get out and they cant find a buyer off market they are forced to push the stock down if they want to get out in a timely fashion. This is not the work of short sellers, the short base is under 1%  and there have been no recent reported short sales, see here http://shortman.com.au/stock?q=iby

Whether its the ex CEO Patrick Linden or an institution selling, we'll never know. What is concerning is that the selling is happening on market. If there was demand from other institutions they would take it up in one line with an off market cross. There is a serious lack of buyers in this stock at present.

None the less, if you can wait it out the fundamentals look sound and the stock appears cheap. Canaccord liked the 1H14 result and retained a price target of 66c. They obviously have a bias though, since they have done the corporate work for IBY.

Good luck holders....its getting pretty ugly