I have no clue. Bid/ask differences between IVI/IVC is again all over the map. Just before the close, ask on IVI/IVC was the same, but bid was quite different.
My take on this is until the earnings are announced, individual investors are playing this stock, the way they always have. If any one is accumulating, then they are doing it patiently and at their leisure.
With earnings and subsequently if any coverage materializes or if the numbers and future prospects are strong in terms of new business etc., we may see it inch up with it's usual volatility. In the meantime, markets being what they are and interest mainly in larger and well known issues, this one will be played by traders and patient new share holders who do not have any carry over baggage from last 4-5 years. If new money enters now and if the share doubles in price in say 12 months, that is great return. But for the old timers, if it moves up, down, sideways and then manage to double, it would be 5-6 years of holding to get pitiful return for your money. |
