Those lemmings over at SHU are arrogant while the stock is down 10% this week. Let me break it to you longs. THE SHORTS WILL NEVER COVER. THE SHORTS WILL SHORT MORE, MILLIONS MORE on any sell down news. The sell down will suck at under $1. The shorts are prepared to short another 5-10 million shares to keep this POS from every being properly valued.
I will post back here after the sell down in May or June and the stock will be trading under $60. Don't say I didn't warn you. Look at AT stock today, that is what IOC will do on the sell down news.
I am one of those longs and I am mistified that, given that bids are actually in, things are different this time, why the stock is down. And I keep thinking if I were a short, I would have covered. But, I have to admit, I have been wrong since Jan on this stock. We have had up days, I have made money on IOC as a long because I did sell out of my position in the 70's, I had 60 march calls and 65 march calls - so I made a nice profit, but thought I'd make a windfall.
In the short term, I see another possible spike down to 66-65 support. I see a lot of support at 60, but don't see IOC going there based on the fundamentals. BUT, based on the fundamentals, I don't see why IOC isn't at 80 right now. I would really like to hear from the shorts, where you guys see IOC in the short term, because, somehow, you guys seem to be right and I seem to be wrong, and have just been lucky enough to protect my profits when I saw IOC going in the wrong direction and take profits, albeit a lot less than I expected, at 73.
janinesor. It's not pretty when greed and ego and self-righeousness all get stirred in the same pot. Most of the 'longs' that pump are either stooges or unsophisticated who don't even understand the significance of the shelf reg.
What you see is what you get. What you're gonna get here is just more of the same. They're blind.