After years of false starts and stops for the stock, the IOC stock story is finally all coming together beginning in the next week or 3. After the first off-take HOA is finalized...IOC will quickly break $80, take out overhead resistance and move to $100+. The momo traders will ride this up to $150+.
Strongly recommend buying more, holding until the momo dynamic starts. You'll know it after IOC starts moving up $4+ a day and gaps up the next day.
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.
It will be a great ride for the next 4 months.
Long and strong!!
db I added 1/3 more shares to my total holdings over my cup of kona this morning. Think your timing is right - and therefore burned all available powder soaking up a few last shares.
Maui is fully locked and loaded.
Timing was delayed by 3 weeks due to the PNG politics, but this is exactly what is occurring. IOC is ready to breakout. IOC should continue to move up $1 - $3 a day in a flat/up market.
IOC should have a massive upward breakout on the announcement of the next off-take. After the stock passes $80, the quants will notice the huge short interest, days to cover and the upward trend in the stock and start generating short squeezes.
Stock will easily hit $150++ when FIDs are finalized before the end of the year.
This post by doublebag nailed it! His advice in ealy july was to buy more. I believe we are in this phase he predicted "You'll know it after IOC starts moving up $4+ a day and gaps up the next day"......yep thats the situation now.