my bids there at 0.1c, in case it rains. No brainer for me. But its all gambling.
Heads the safer option at 1c though as i've rationalized several derivative of the tea leaves..
Unless they can create a sell into news event, itchy fingers will want to unload. (FDA could do such)
But come delays,,,,If it touches 0.9c, it will create fear of the other guy, when if it goes to 0.8c, the dump on options could be seen as a first strike to clear funds to break even.
Its just hard to say really. If it trades sideways for too long, and exhausts the early leverage buyers at 0.2c, while the rest of the bottom rungers, pile in at 0.1c, they run out of premium to dump into.
Anyway, happy with heads. If the oppies flood occurs, 0.1 is the price for mine as i see 0.2/ 1.0 the same but with inherent safety in the heads. So i wont over bid, when there is a flip side to the market psyche, it just takes a few things to rattle together. Weak overseas leads, and a rush back to cash for any of the punters, with an exhaustion of those willing to step up at 0.2. (nice to see, because i will sell to them in the 0.1/0.2 trade to free carry my heads)
Expand
(20min delay)