means market thinks IGO will bid around 3.60 min now, 3.80 on my estimate.
This is a ST trade imho
the Long trade was at 2.00 as usual as I called it many times last few years on here.
Buy at 2.00 sell at 3-4 was my call, SPOT ON!
Now its a question of when to sell & where the top will be imho.
3.50-4.00 was my call on that too.
We will soon see,
might be wise to crimp some gains around 3.30 unless IGO bids and NP rockets as I expect.