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IAMGOLD Corp. Message Board

  • rogermanwithnoname rogermanwithnoname Jun 21, 2013 6:09 PM Flag

    Institutions were selling off IAG

    IAG is 80% owned by Institutions and they were selling off millions of shares. They took profits and now IAG is at an all time 52 week low. Institutions will now start buying at these low prices. Remember, IAG will pay a dividend in July and these institutions will want to cash in on it. Prepare to see trading volume rise, and IAG stock price rise at least 15% in the next 11 days. The institutions will make million$ as the stock price rises, and when dividends are paid.

    Sentiment: Strong Buy

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    • I see people selling gold and stocks moving to cash not because of deflation but because of the inflation being experienced compared to income. The average income has been lowering compared to prices and people are not storing wealth but are spending their savings no longer are people borrowing on their home equity and baby boomers are spending their retirement savings and gold is a part of that savings this cycle could continue for a while

    • I also see IAG with 80% institutional ownership but then I go to afterhours trading and it says 51% institutional ownership. Google always has misinformation posted so I don't know what to believe. I think they the institutionals are using high frequency trading to average down and take out the newbies each and every day since they buy in large blocks at low prices and wait until prices rises then their High Frequency trading computer kicks in and they force it down again making a profit. Hope they get caught off guard one day and lose but with HFT now we are at one huge disadvantage.

4.12-0.19(-4.41%)Sep 23 4:01 PMEDT