if you were following IOC for a while, this is a perfect day trader stock. If you bought at 68-70 and took your profits on up days, you would be doing very well. That is why you have some big days up and down. With 400 shares today you would have done well. IOC has a pattern of going up for the first 6-7 minutes then goes down at about 11 am and stays there most of the day.
Sumnohowtuwin, put the bottle down now. This only hit $156 and NEVER had a split that would have put this at $200 plus...using your logic and math, the reverse split would put this stock at $1,800. ( 156 TIMES 12). DOH!! That is WRONG as you can tell.... I hope..
Even though I think this stock is not going anywhere soon, for what we have heard Mike has locked everyone out of the room and has his own people reviewing this deal. Whether or not this is good or bad, it means to me that he wants this done his way. No news is leaking and he is keeping it tight lipped. He will get this done but it will not be until the end of the year, maybe by the time November numbers come out. PNG has to clean house too so DUMA gets NO CREDIT for this deal. Mike knows that too. He does not like DUMA and he will make sure DUMA is gone first. When you hear DUMA is dead, then buy buy buy,,,this is coming from shortie too...
listen to me and at the open buy in the money puts for expire Friday and you will make money. this will go down by 9:47 am after first few trades it will be up about 30-35 cents then back off and down at least 1.9% to 2.2%.. worth the price of a put. Make $250 by 10:15 and you are done for the day. Does not require much to accomplish this one. Learn from the pro. Look and learn... up 40 cents then down $1.55 for day