It seems on numerous days at the open there is a big drop which recovers quickly as of late. Any insight from anyone? Down 2 and a half bucks roughly, then comes right back to par essentially. Would love to see a move up over 92 today. We breached 90, 92 sounds nice, but 95 even better.
My guess is that there are some short term profit takers at the open. Once that has subsided then a more balanced buying and selling resumes. Of course in our case more buying tnan selling.Don't forget that IOC has climbed approx. $40 in a very short period. ed