IMN. Inmet Mining, the meaning of regression to the mean.

IMN may 6

For the first ten or so years this stock did nothing but drop in value un till it hit a low in ‘99. It lost quite a bit, 80+%. Then all of a sudden, for no apparent reason, the stock behaves like a moon rocket and gains 50X in about 5 years. The question now should really be, “What would happen if it regressed back to the mean”? For the fun of it I have draw a line where the “mean” is. So far the stock has done as expected (see previous blogs). Should it continue to do so the C wave could end up becoming a double or even triple zig-zag.