I can well understand everyone's disappointment. I did read the quarterly even though I don't hold and never have.
I'm one of those who looks at both fundamentals and charts.
I am not a day trader and put more weight on weekly and monthly charts than I do daily. Volume is also something I look closely at.
At this stage IOR is in a downtrend and we have all heard the saying "let the trend be your friend".
I can boast that I have never bought any share at the bottom nor have I ever been able to sell at the top so listening to me could be a big mistake.
My charts have been automatically adjusted to take account of the consolidation and show a high of $6.53 on 31.1.01. Yes I know that sounds hard to believe but it is a fact.
If I could now express an opinion, and that is all it is, I do not think now is the time to be buying. I would put it no higher than that.
I do not take advice from anyone posting on Hotcopper nor do I expect anyone else to. I am more the sort of person who would listen to everyone then make up my own mind.
It is your money and your choice.
IOR Price at posting:
8.7¢ Sentiment: Sell Disclosure: Not Held