Ok I already have a vairy narce collection of ops all bought under 20c. Was gonna buy some more but got impatient and bought the heads instead. What I'm thinking is that the ops premium is now beyond ridiculous. Only if the share price is about to run to $1 is it now worth it. But if the SP has a pretty strong run from here to 50c then I suspect the ops will lose a fair bit of premium on the same run. If the premium returns to something sane, like only a 10c gap, then the ops may run 17c whilst the heads run 22c. So what you lose on the swings with the heads you may now make up on the roundabout.
If however the heads run from here straight to $1 then I will be wrong and it would be better to have hung out for the ops. I can see myself now.....crying all the way to the bank.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
