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Iofina (IOF): 260p Initial Target Approach

By Zak Mir | Saturday 18 May 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


After pulling the rug from under the bulls in mid-April following the departure of the CEO for health reasons, and giving hope to bears of the stock that everything was about to turn pear shaped, shares of iodine specialist Iofina gapped back to the upside at the start of May.



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