Message Font: Serif | Sans-Serif
No. of Recommendations: 0

I think you have a good point. However, I still think there will be significant sell pressure because the bottom line is that many mutual funds will be FORCED to sell off their positions. The only stock support for the price is buying interest. Eventually though, I think this stock is headed down in the short term as I think the sell pressure will overwhelm the buying interest. Although OC was not a spinnoff, Greenblatt recommends those types of stock based on the same selling pressure rationale. Both Rambler and I managed to take positions in the high 25s based on the sell pressure. Since our buys, the stock has gone up nearly 20% (in roughly a few weeks). The bottom line is, I think IAR will see a good price sometime in the short term.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.