Bucking the trendWhile almost every stock I follow is having a down day today, IAE continues it's run. As others have mentioned, this is on high volume as well and really emphasizes that it's something about the company rather than the energy sector that's in play here. Is it increased exposure from analyst coverage/bnn interview, or the result of the meeting with industry analysts last week, the impending increases in production next year or something else? We don't know and frankly it doesn't matter much. The main thing is that we're finally seeing some continued bullishness for IAE after the dolrums created by the recent share offerings. IMHO we should see $3 before the end of next year and over $5 by 2013 (could be as high as $10, but that requires not only good execution on the existing development projects, but also highly accretive acquisitions). Not bad for a stock that went as low as
.20 a couple years back. If only my wife trusted me enough to puth a whack more in than I did back then.....