IAE.to/IACAF -- I think it was a little more of sale the news than a dislike of the report. Volume was somewhat high, but not excessive. Some folks probably decided IAE is "dead" money for 6 to 9 months and decided to exit. Frankly, I disagree. In general, the report was pretty good for the NS, and there are a number of catalysts going forward that could give IAE a boost in the short, intermediate and long-term. I have large positions in IAE, MMT, INA and a few others, but I have the most confidence that I might see a double in IAE in the next 12 months or so than in any of the others.
tmcal6
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