I don't hold this stock........thank God.....sold a couple of months back.........but this stock more than a lot of others just defies logic.
I haven't read the whole report yesterday but I understand they doubled profits,good outlook,increased div............and promptly rose 5 or 10c............fell back at the close.
Today..............down 11%!!!!!!!!!
If I invested purely on fundamentals I'd be averaging down like there's no tomorrow..........but that's not the way I do it!! I know assirt equities yesterday upgraded their valuation on this to $3.56 and they're usually pretty good..........or as good as you can be in that area.
I really feel sorry for those in ION........at least those that are at a loss.........cos there seems to be no logic whatsoever to these regular sell offs.........not even on a relatively high PER> Dunno why I even posted this as I have no interest........just strikes me as a very unusual stock!!
Ed.
ION Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held