I would agree with you if this were a normal run, but it really isn't. It is exceptional in that IHL is about to enter a market that is more than 20 times larger than the Australian market, with a market cap of roughly a third of where it should be once the dust has settled and the NASDAQ has become fully aware of the value proposition.
I'm sorry but it isn't looking great for your reentry. There's only a little more than 1 million shares on offer as of now, and buying appetite has shown no signs of slowing down. Things may change a lot between now and opening, but the order book is so slim, it looks ready to tear upwards. There could then be a pause or a small retracement but personally, I doubt we'll see anything lower than 37 or 38.
To be perfectly honest, if I discovered IHL now, I'd be buying anything on offer south of 60 cents, with the expectation of making about 30% within the coming 1-2 months...
I'm no expert, but tomorrow looks like it is setting up for another ripper.
IHL Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
