I buy low and sell high against formula, including valuation model.
My prior guidance on IHCH, going all the way back to the bankruptcy debt buyout by Chauduri, was buy at/below 3 cents (reflects Chaudhuri's last 2 buys) or slightly higher at risk and sell at/above 7 cents. That recommendation is based upon historic and just recently, publicly-stated, valuation ($23 Million); and Chaudhuri's registered declaration in 13-D. I pay close attention to what's filed at SEC and the State.
I have no current position on IHCH. I'm staying off the trade completely until we see what Chaudhuri does with his registered buyout intention. I made a suggestion on prior post for any continued trading, should IHCH remain public. It appears there is movement, so I'm in standby and watch mode.
A 900 pound gorilla with warrants is not something I'd play with. Have fun, but don't count on winning in their game. :)
