Stars are aligning for IVN bulls to add.Negative overall market sentiment, $2 margin calls, impending chaos post-DRC election, China-US trade tensions, not to mention weak commodity prices. These and other factors should continue to weigh on IVN's SP well into the New Year.
IMHO, bulls should start adding around $1.90 - half of what CITIC paid for a 20% stake in Ivanhoe just three months. I used the same rationale three years ago when I established a 40k share position @ $0.70, or roughly half of what Zijing paid for a 10% interest in IVN.
Could the SP plumb below $1.90? Absolutely. I hope to re-enter at $1.50.