There is bashing and there it LogicI love IAE, and have owned it too many times to count.
As in my earlier posts, I first owned it when IAE and AEN were tied in the $0.80 cent range and I have traded it up since that time. It's been a great growth story...and it continues to be.
However as traders, which we all are, calling for a return to $2.49-$2.50 is not bashing, rather a logical comment and suggestive warning ( albeit a guess) based on charting and a normal retrenchment on the News, which was mixed.
I did comment on dilution and that is a worrisome fact and it does upset me and many others.
IAE does make we wonder if it will be a company of Growth At Any Cost....usually at the cost of shareholders. It can be a long painful Hold, again, in a very troubled Market.
I really felt that when the last Offers were around that most would have jumped on it, straight to the Bank. I really don't think IAE is close to a T/O because it is far to cheap and the Board
prob has no interest in selling much under $5...and that won't happen at today's prices because the premium is just too large. Why would they agree to a T/O at $4 or so when IAE is worth far more now than when it last turned it down?
It may be a time to nibble again around $2.5....but it's anyone's guess.