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Bullboard - Stock Discussion Forum Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per... IVAN.WS

Ivanhoe Capital Acquisition Corp is a special purpose acquisition company that targets companies in the supply chain from the mine site to the end-user of electrification products and services, including in the transportation, e-mobility, electric propulsion, battery technology, and storage sectors. These include companies exploring for mining, processing, or refining metals necessary for... see more
Post by MustangMatt on Mar 14, 2013 1:05pm

HMMMM

This is getting a little more interesting.  The last 2 times Ivanhoe made up moves like this it went well into overbought territory on an RSI basis.  The question in my mind,  is history repeating itself here now and we should sell at RSI of say 75/80 or hold?  The only reason I would think to hold is 1. I think this stock should be over a dollar and 2. What if some big JV or something comes up and I am out.  This is where I have had trouble trading in the past and I am not 100% sure what the right call is.  I am leading toward selling half if the RSI get way overbought and hold the rest.  What to do what to do, trading is tricky it might be better to hold, especially If one believes the stock is going over a dollar.  Conflicted, cheers Matthew
Comment by Tradesman on Mar 14, 2013 1:39pm
Ivanhoe is an impossible stock to trade because it's so unpredictable. One thing has always been true though, when it moves up then it goes very quickly indeed and right now it's in a new uptrend. I'm quite sure we will get back to $3 again eventually and when that happens I suspect that this time we will not look back like we have done in the past. There are lots of exciting things in ...more  
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