OTCPK:IEMMF - Post by User
Post by
mikerosoft666on Jan 21, 2010 6:30pm
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Post# 16705912
Feb 9 Earnings report
Feb 9 Earnings report
I wonder if Feb 9 has any room for upside surprise on earnings.
Their copper sales were evaluated at $2.75 while copper has been trading above $3 (not sure if that was last quarter we are talking or however long). So at $66 the analyst reporting was still saying he believed there was $6-$8 of upside in share price. That could force a pleasant surprise on Feb 9.
Obviously concern about delays in the new production along with China banking controls has caused the market to do it's usual "school of fish" maneuver and in 6 months this will be known as DARK GREY THURSDAY or whatever cute little moniker they snap on down day events.
I agree with both posters that support can inspire other technical decisions to be made by funds, or they can ignore it, and we will start to move up over the next month (or days or weeks - not pretending to know). But if we break support there could be more selling influenced by the technicals.
Couldn't resist buying some options here for July. Have some more to put in if we head towards $46... can't see this one staying down too long unless this is the "big one" like in the 30's after the crash. Market did a 6 month bull run and then really got ugly. I think the central banks prevented that but I am not an economist so can't predict anything more complicated than dinner tonight... and that is subject to change even... LOL