TSX:IBG.DB.E - Post by User
Post by
SGordBon Aug 03, 2012 11:15am
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Post# 20181230
Selloff continues at highish volume
Selloff continues at highish volume A week ago I bought more at the "ridiculously low" valuation of $9.75, increasing my exposure well above my comfort zone. Now on well above average volume it's trended all the way down to pennies above $9 - a 7-year low, defying analysts' estimates and targets. I can't understand the basis for so much "irrational selling" with no buying pressure to compensate for it, if that's what it is. I'm steamed that this might be fuelled by insider knowledge, despite no reported selling by company officers over the past 12 months. Can't decide whether to buy even more super-cheap (my targets - bear-neutral-bull, based on estimates - are $12.50 - $16 - $23), to buy when others are "irratationally fearful," because maybe their fear is perfectly rational.