Fridays volumetric were a indicative of forward price movements for me...I thought I missed the boat as I sold out at 4.86 on Friday believing it was over done already so I always buy iag now sub 4.70 like today...but to my surprise a flood of instos came in with large portions at a buy at any price..for me and my trades that is bullish...
Insurance is always a defensive hedge to commodities for me...this market is way over done and IAG shows me good income flows allbeit crap divs...never the less the company is undervalued...thats just how I see it for a trade...thats all...
If your a long term investor...great company, run exceptionally well by people who are the best at what they do...
I bought everything I could this morning below 4.70 and taking out 4.70 twice...to me its a cheap trade...
Fridays volumetric were a indicative of forward price movements...
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