TSX:IBG.DB.E - Post by User
Post by
caillenon Dec 11, 2014 10:01am
281 Views
Post# 23218841
$1.40 - who knew?
$1.40 - who knew?One could learn something from reading charts and understanding financials. Last month at $2.30 I said it was worth no more than $1.60 based on charts and fundamentals. When it hit $1.60 I said it would bounce to $1.80 (I was wrong as it only hit $1.75) and then retreat to $1.40 based on hourly charts. Some yahoos on this board took all of that to chisel away at my integrity which amazes me since not only am I right and not only am I making money on this but there is also something to be learned from what I am showing. So, screw that. I will keep my charts to myself and my comments to myself after this post. Besides, I have learned nothing from this board other than the most learned ones rely solely on EBITDA. How's that going especially when this company has $180M in debt and no equity. I guess the market doesn't care about interest costs?
So...where is the bottom? Don't know but it is lower but not by much as the support lines are not far away. I show $1.32 but I don't buy until the trend reverses which is not in sight at the moment. Anybody that bought in the last run up has a nice loss to sell into assuming tax loss selling. That should put further pressure on this for the next ten days. Then it's back up but this time above $3.00 (by March).
Have fun watching...