happy enough to sit and watch this play out at 10m entry, but i will average down if it gets interesting.
I do watch the larger bid lines building, say at 1c, like magnets for some lunactic to drop into. Nothing to do with fair value, just the crazies and their loose hands.
Theres a 5m single seller at 1.9, thats the sort of lunatic that would drop his lunch into 1.0
For options, if this gets another knock down, LVR in panic could be wider. But would hazard a guess that 0.3/0.2 may get a look, with heads 1.6-1.0, based on widening LVR above 5-1/ 8-1
IBX hasbeen a very bullish stock with tail wind, previously pushing options to LVR 3-1 under bullish trends. But the world in FEAR mode, may take IBX bearish LVR to widen.
At the end of the day, when someone is panicking, they will sell for whatever. It is the buyer who then determines how tight a LVR they are willing to step up to.
IBX Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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