IAMGOLD Corp (IAG)

[xray44b9]

RSI is 18 and change on the daily, 24.3 on weekly. You don't see that too often. I wonder how low it will go this week. Pretty good volume today on a 4% drop but all previous capitulation calls have been premature. I think the funds/tutes might be concerned that the cost cutting measure is all that's gonna happen for shareholders from this group, ie, no divvy, no buyback. so they're voting with feet.

Retail shareholders are pretty much used to seeing $500, $800-multiple thousands of dollar drops on a daily basis in their cash accounts for the past several weeks due to this dog, but I imagine there have been some VERY painful margin calls also.