Up front, I am not adding to my position as it is plenty big enough.
But I do believe, against sentiment, that IFNY will tick up and up as we get closer to 4/15 or even sooner.
Why do a short term note when you can do a year and not worry about it.....unless a deal is that close? Stan may not be a timely guy, but too much has happened positively over the past 6 to12 months for both Infinity and the actions taken by Noble for our CEO to stick his neck out on a drop dead deal date and a short term note.....unless......
Not saying we will see a deal by Friday, but there has to be something looming.
And I do not drink the Kool Aid. I am about as critical and deveils advocate as they come.
Hold on, I hope it's time to take flight!!
Not a buyer myself, but I do know a few lookers. I am told there is less stock aound and offers showing are actually close to realistic, meaning no big size hiding behind a tiny offer. Might see one of these lookers grab a piece today as we believe something positive must be close.
This is actually the best time to buy, but it is also the hardest time to buy.
Sentiment is bad, so price is down. And it takes guts to add when the price is going against you.But volume is also low so it is difficult to buy much.
It looks like the big seller is done. So we will see if he was the smart one.