getting closer to adding to my puts hopefully. I am looking forward to ANY announcement.. Short covering will make it move up but after that it's a steady, solid crash to the 10 dollar range. Timing is everything here.
The pundits have thrown everything at Inter Oil. They have had top hedge funds, major stock covering bogs, many of the top investment people, ie Soros, Jim Cramer, and others plus the PNG government officials! Yet IOC facts have held their ground bc truth always wins. Nothing can hold this down anymore and the time is up. After long battle, since 2006, we just may be on the precipitous of a new high.
Sentiment: Strong Buy
We will have news in one more week. Most likely a reaffirmation that negotiations are proceeding "nicely" or some such synonym. But I no longer expect that we will get the "deal" or any indication of timing. As I now read the tea leaves it could still be months away--maybe by year end, and maybe not. We have all underestimated the extreme complexity of this deal.