ION 0.00% 93.0¢ ion limited

..........the nightmare stock

  1. 1,200 Posts.
    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.
 
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