NYSE:IVAN.WS - Post by User
Comment by
Tradesmanon May 21, 2008 1:09pm
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Post# 15094651
RE: On the verge of a massive buy signal.
RE: On the verge of a massive buy signal.There is not only a technical reason, but more importantly a fundamental reason for Ivanhoe to break-out.
Another new report, this time from the Energy Watch Group, says that oil is even more scarce than previously estimated. According to their calculations, peak oil production was reached in 2006 and is declining rapidly.
This presents a huge opportunity for Ivanhoe's HTL patented technology and is the major reason why I expect this company to do very well in the near future. This is what we've all been waiting for.