I like the fake Coolaid better.
BTW it's "Liar In Chief" not Liar AND Chief.
For example: you are the Racist D-Bag In Chief
Just over 4 years since the "first bottle of Dom" was popped and retirement assured (with a $63 stock price).
Whatever happend to hemi?
Nope - I actually had an order in for 58.50 but never got hit.
Market feels a bit squishy right now so I may hold off next week. I've also found some compelling longs recently so playing with IOC dynamite on the long side feels a bit like Russian Roulette :)
Nope. I think Neil did a good job and I told him so. I Just think there are holders that are hopefull on Bobcat and Raptor so I expect a sell off if and when they turn into Wahoo disappointments.
Hi MS. Interesting idea. I'm trying to trade the day-to-day volatility a bit (the $58 to $61 range). I'm a bit worried about holding it very long as I think we have bad drilling news coming which will hopefully tank the stock, at which point I would probably buy (e.g. high 40s or low 50s). Options may be interesting - will play around with some strategies. Maybe a selling a put spread to capture some premium but protecting from a debacle.
For another withdrawal from ATM machine.
Honestly I'm a long term investor 99% of the time. I've just stared at IOC trading for years it's one of the few that I have a "feel" for. If I'm right 55% of the time on these trades I'm happy.
Yup. I've been long IOC 3 times now - Dec 6 2013 (played the bounce after the ball stomp), a few weeks ago, and yesterday/this morning. I posted each in near real-time. Just for fun. Clipping 2-5% over hold periods measured in hours isn't too bad.
I've toyed with "investing" but am hesitant at these levels. The Bernstein Bounce will fade soon enough. I think we are likely to have bad news out of the drilling program and am hoping for a flush on the the back of that. I may "invest" at that time.
Someone needs to make money on IOC. Might as well be me.
Raiseyou is one of the most rational IOC longs out there and people would be wise to absorb his common sense (as well as his civil behavior on these boards which is a rarity).
I pretty much agree with everything he wrote above, including the valuation.
I am out right now but am still mulling over a long position. I'd like it in the low 50s or high 40s for sure but 60s is a little "meh", for now.
Hessian only makes $100,000 per month in base salary. Where do you expect him to come up with cash to actually buy stock? Maybe if he made Mulacek money he would have a few bucks left over but at only $100K per month he's barely keeping food on the table.