Easy for shorts. they can even push it down when there are very few shares to borrow. This is the worst 5 month period in IOC history. Getting bombed every day. Hedge up...look for $51 next week. #$%$ joke.
Im really starting to wonder what is taking so long on this deal. Its reached the stage of comedy. Its like Phil, henry amd colin are the 3 stooges. Its almost Feb, 17 months since they hired the IB's? Common man
Hellooooooooo look at the trading, this pattern will not change until either a buyer steps in or a SD. I expect several more months until a deal at the soonest. IOC never is on time, never. Maybe we get ANOTHER conference call where nothing has happened and we hear some more hemming and hawing
Normally the PPS bounces after one of these sell offs. This is by far the longest one. Some of the early reports from institutional holdings are being reported for 12/31, its not many, but its a net -175,000 shares so far from smaller stutes. Looks like retail arent the only ones at wits end.