I read your comment today on SHU " A buyout is the only thing the IOC shorts fear. They strongly believe that negative forces against IOC will delay any deal for such an extended time period that many longs will give up and exit."
Do you know, does your HF connection think that there has to be a complete sale of IOC for the shorts to lose interest or would a sale of E/A by itself cause them to loose interest? TIA.
If there was any chance of a buyout, stock would have been trading in triple digits I think. Even if there was a whiff, a hint, tiniest of hints of a buyout anywhere close, this stock would have been above $106 from where it opened on the deal-related news.
Do you see it close to $106????? Yet, you believe the buyout rumor. Why??? because it sounds good to the ears regardless of how distant it may be from the truth, right???????????