Color from the IOC traders at this morning. Supply of IOC shares increasingly difficult to find in larger blocks (over 10K shares). 69% of the shares are now held by the Page 1 holders. 2 large plain vanilla buyers have been aggressively building positions over the last 3 days. Trader feels that there may be less than a total of approximately 2 million shares left in weaker hands and that once those are bought by long-term holders, IOC can jump 3 - 5 points a day on incremental buying. Stock setting up well for a world class short squeeze.
Translation = this is not the time to try to trade around IOC. Buy and hold it. Increase your position to max size. Let the big funds drive the price to $80+ attempting to build positions. The quants will then take over and drive IOC to well over $100 and then short covering and new buyers will take this to $150++ on the FIDs.