IDP Education Limited

ASX:IEL

IDP Education Limited

ASX:IEL
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$5.03 (+0.4%)
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#130
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Forum Topics IEL IEL Chart update

Pinned straw:

Straw deleted
RhinoInvestor
Added 6 months ago

@Saiton what are the charts telling you about the most recent plummet?

Market over-reaction and a possible bounce? I noticed a bunch of directors were buying last week (wonder if its any sort of conviction or they are just trying to send some sort of stabilising message to the market)

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(not going to help me in the short term as I am now about 80% down ... unless the charts are showing an imminent 5x). My original thesis had this as a 2x within 3 years at my entry point but I'm probably looking at a 10x requirement now to get back to that valuation. However, I'm not ready to throw this one on the tax loss selling heap for FY25 to crystallise the loss at this stage. Hopefully my patience pays off.

DISC: Held in SM and IRL (and licking my wounds)

21
UlladullaDave
Added 6 months ago

I'll be interested to see how the shorts look in the next few days. I would think given last week's announcement that some of them would close out their positions. The price action doesn't look they have in a large scale way. Shortman is t+4 so we should see in the next few days. If it hasn't changed then there's a real question of why the shorts are still there. Unless you can answer that there's no reason to be long.

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