Tibbs...
Yes...value is not to be found in an early sell...indeed, the new INR will be a decent hold now.
Any serious interest (facilitated or otherwise), in INR will likely wait the tabling of official documentation...further, the pre-vote rally may not be "facilitated" until much closer.
What this means is that interim activity is likely to be genuine...good or bad...and given recent trading patterns in each stock, we are likely to simply see more of the same.
Can probably put this one to sleep now with alerts set to flag "activity"...as such, for the next month or two it is probably as "look away" as they come.
No volume in heads, so I intend to accumulate options indefinately here...no-brainer profits equation here as impatient "traders" no-doubt exit in the near-term due to hating money being locked up and going nowhere...regardless of the value of the underlying instrument.
INR is now worth closer to 70c in my view(or will be when this is bedded down), as such, options to 30c or so are likely to be profitable...just as long as your view is more than 3 months.
Not many relatively secure, genuine capital growth stocks around where significant exposure offers a modicum of safety...and still a degree of upside.
GUJ became a buy for me on Friday...INR even more so.
Cheers!
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- well done t4p tibbs and sp3
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well done t4p tibbs and sp3, page-5
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