Why the stock will not rise till end of February,,,,
Everyone knows about the deadline to submit Bids by Feb 28
Everyone knows that IOC has only stated they'll start looking at the bids first week of March, per the PR.
Everyone knows that IOC will then take their sweet time, as they always do,,,
Everyone knows that IOC hired 3 Major Investment Banks 18 months ago to find a Super Major.
Everyone knows IOC failed miserably at this.
Everyone knows IOC is running low on cash.
Everyone knows that over the past 10 years IOC has pumped out a lot of horse SHT and treated their shareholders like Dogmeat.
And every long who thinks IOC will rise is already in...
Everyone knows there is no one else left to buy.
See you lower.
You may have a tiny bit of luck, futures are green today.