Clue to the selling is illogical.... one or two big holders have sold out over the last few days and now on the third day of a downward trend the bottom should be reached and upward trend should commence on Friday.
IHG make plenty of money and declared they have $80m in the order book.
I'm mystified as to why the selling is occurring other than some broker has put a "sell" on them for whatever reason.
Does anyone know where the trades are coming from ?
IHG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held