I'm not sure about exercising my rights to buy more stock at $1.60 and I'm probably influenced by my large parcel of IOHO needing to be converted to obtain my rights. If I was holding 100% heads I might exercise my full rights, but I'm not.
I'll be looking to sell the rights & scalp some cash, reducing my overall cost average and simply sit tight.
I've got plenty of stock, and I don't like the ease that this stock is manipulated down by those wanting to accumulate.
Of course it can move North just as quickly when they have had their fill, so this is a judgment call that I may live to regret... But I'll need to be content that I was loading up on IOH & IOHO at the recent lows & if the share price takes off tomorrow I'll be doing OK.
I reckon I'll be buying stock at under $1.60 soon after this rights issue is done and dusted. This is only my opinion and I may be proven wrong.
IOH Price at posting:
$1.76 Sentiment: Hold Disclosure: Held
