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IAMGOLD Corp. Message Board

  • stock_green07 stock_green07 Apr 20, 2013 11:35 AM Flag

    $4.40-$4.60 is a Cement Floor and here is why.

    Looking at IAG chart since 2000 I found out that the biggest drop was prior 2008
    from about $12 to around $2/share that's represents x6 fold drop. This time top was near $24
    split that by 6 you got $4, when I looked for support there is long term support around $4.60 since
    2000. If GOLD not going to collapse, which I assume it won't, then the bottom is in or near.
    Good Luck. Buy more, if you can.

    Sentiment: Strong Buy

 
IAG
4.18-0.09(-2.11%)1:35 PMEDT