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InterOil Corporation Message Board

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  • edsilverstreak edsilverstreak Jun 5, 2012 8:49 PM Flag

    severely overbought, on watch for short position

    Reduced volume says that longs can sit tight because the shorts are desperately trying to free themselves from their dwindling holdings or they're already giving up. It's the shorts who are running out, not the longs.
    The deals, partnering, investment bankers and even the bs from the PNG gov't all point to major developments for IOC and it's investors. All will be proven over the next few weeks!

49.37-0.18(-0.36%)Sep 23 4:02 PMEDT