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How low can IMP go?

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1169
Frequent Contributor
I'm thinking of getting in at R170.00 but it still could drop to R155.00
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5 REPLIES 5
Not applicable
IMP will drop as long as platinum is dropping. Commodities are dropping because of fears of global recession. Such fears will continue until AIG has been stabilised - and that is the best-case scenario.
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Not applicable
With PLAT down to $1055, no idea of how far this one can fall.
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Not applicable
Would you say AIG has now been stabilised?
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Not applicable
The government gave them a loan (at a very high interest rate compared to what the Americans are used to) to give them time to sell their assets. AIG is failing in an orderly manner rather than a disorderly manner. I really can't understand why the Dow went up yesterday (with the biggest gainers being financials) and I'm too baffled to offer an opinion on what will happen in the future.
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john_1
Super Contributor
Its just short covering...
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