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Short covering rally?? Tax selling is next      2-Nov-09 07:06 pm    
Some of the pumpers are confused.

This is a short covering rally.

Anyone following the share price will know that every time IBCP hits under $1.00 we see the shorts taking profits.

The over all market has had a very nice run.

The end of the year is coming and we should see some tax loss selling for those wanting needing to use it to off set all those gains.

IBCP is down 43% for the year.

The smart investors will take the tax loss.

The pumpers will talk about anything except the actual facts.


Sentiment : Strong Sell
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keeperofthe...


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Short covering rally?? Tax selling is next
keeperofthe... Not rated 2-Nov-09 07:06 pm  
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Independent Bank Corporation (IBCP)

Chart for Independent Bank Corporation (IBCP)
On Dec 30: 0.73 Down 0.02 (2.14%)
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