Likely due to CC on Tuesday, but MM's and others that might manipulate to collect those option premiums are not being successful this particular month..Prior low volume days like today, they would have little problem playing volleyball with the same 100 shares and working the pps lower..Good to have that ability gone for the moment..
stock is heading higher short and long term..Solid base was formed and up we head..Looking back, can't be upset if one was long at 4 and decided "that bird in hand" while selling at 14-15 was the smart thing.They did GREAT !.I'd be surprised if those who sold are not now buying back at these far cheaper prices.
easy to manipulate the pps by mm's and collecting those option premiums...Saw lots of 10's, 11, and 12 strike calls written..I suspect they will be unable to knock on the door of the 10's, but good chance they close it just below 11 on OE Friday next week..I'll looking to add on any attempts they make to knock us lower...
I'll dream that we can praise MH as a mighty gas/oil God should we go for 3 for 3 ! "One out of ten" is for the other guys..IOC is in a class of its own as we'll be known and as the word spreads..Good to dream, but you never know...
on a stage two situation results and Hepatitus drug...Not anything what RMTI is about, but goes to show you what can happen in just a day of trading ! I like the way we are setting up over the coming six months. Must be near 8.5 MILLION short about to be crushed in my view..PPS may go vertically UP within that period...Hopefully us longs will be right. We just need some patience..
and more than 8 million total short, my experience is there are manipulative hedgies working in cooperation with one another...At this point to manipulate the price and slowly cover their short ..Easy to do with low, low volume if you have two or more complicit parties who could care less about a do nothing SEC..That's my take as to what I view is going on of late..
Something feels as though it may be reaching a snapping point. I SUSPECT UPWARD MYSELF..8,000 shares traded the first 45 minutes, up a tad. No sellers, but no buyers either.. for now ! Any demand and the price moves up significantly in my view..Of course without hacks further shorting, so time will tell..Surprised the hacks are not further shorting on this no volume day..Why would they not, unless they really did not believe their own BS..
nice "starting" bids under both scenarios..Worst case scenario is it places a much higher floor under the pps from its joke(cheap) pps it currently stands at now.
anybody think that Cheniere (LNG) would go from $2/share to $68 over 4-5 or so years.?.I bet there were lots of negative thinkers with them too...Not suggesting that sort of percentage move in any degree, but many will be left in the dust when it begins with IOC..Reality will switch his moniker to dupified with his tongue on the ground as will others..I'm just surprised it hasn't begun "yet"...A light switch will be turned ON one of these days...
Bernie Madoff even being handed on a silver platter to the SEC proved that..The SEC like so many other Federal Government agencies in 90% a waste of our tax dollars..We just pay for a bunch of #$%$ sitters ..I wonder how much of the corrupt profits are filtered back into Obama and his munchkin gang of incompetents ? I'd bet a large chunk in some manner are..
no doubt the game is on to make a solid effort to close this just below 10/share June OE Friday..RMTI has juicy premiums with those options for those who collected by writing such. We have a whopping 42,000 shares traded at this time, so it is easy to move the pps down as they wish using the technique I talked about earlier in my prior post..I'd be all over this adding in the very low 10's..I was thinking of adding today, but that would be contrary to the thinking I have just spoken..It's either that or we have channeling day traders and very few INVESTORS owning RMTI....
In my view, there in produces the incentive for what I "believe" is the manipulation with the PPS...Also worth noting as one also reviews the order book, the bid/ask are all in 100 share requests which further underlines my thinking..Looking at the June call outstanding contracts, you have near 2600 at the 10 strike, 1100 at the 11 strike, and another 1340 or so at the 13 strikes...Figure the premiums collected on those, and for me at least, that provides plenty of incentive to work the pps LOWER by the hack gang and collect those premiums..I suppose it might just be the market maker, but often with a heavily shorted company such as RMTI, two or more accomplices of short hedgies may be working in collusion to do as I suggest..Plkay volleyball with the same 100 shares while perhaps closing some shorts and collect the option premiums while doing..Volume is what we need to take out these shananigans..
correct Ed..Wahoo had a 60 day expected drilling period..Being June 1st now and having began the drilling March 8th, by my math says we're well over 60 days by three weeks PLUS.. Even with a hiccup in the drilling timeline, I'm hoping (speaking conservatively !) for something very positive as the drill bit and results are being inspected/measured. Dry hole would have been announced already had there been one ..At least that is my understanding from those I read and have respect . What I speculate should be answered relatively soon one way or the other.
I suspect additional dumb shorting..I've found wherever large numbers of shorts exist as in RMTI, whacking and manipulation of the pps goes along with the territory..I'll be setting a limit to add some on Monday
Should we have a strike or two at the three prospects being drilled currently, Katie bar the doors..IOC will be heavily looked at as a "Class A" take over target in my view..I can't see where somebody attempting such would be bad for the pps whether considered or not ! Definitely would set a new floor and way above where we currently trade..Pathetically cheap NOW..
From one Uber to another Ed, I'll take it as an honor that I'm a strong believer to the direction and degree IOC is headed. Unlike Taru's thoughts, it will be well before this 2020 stuff he keeps suggesting. I think a large surge is coming, but I've been patient since my initial purchases in 2008 and will continue to be should I need..
easy to become emotional whether the stock is moving up or down with IOC. The fact that Wahoo is three weeks overdue from its scheduled completion and announced results, has me "hoping" that something of material significants has been discovered and they are reviewing just what that is..Wahoo is being drilled in an area of prior hits and it would have been quick to know if we had drilled a dry hole. Not hearing "yet" has me thinking good things...Of course I'm a Uber pumper and we are not entitled to voice any positive thoughts. Time shall tell, but that is what I'm wagering my money on..
agree that Taru is way off on that thinking..We'll know in the coming short period and in my opinion move up close to that area of 100/share on positive drilling results..That will become our new base..Nostrodomus, out...LOL
The only guarantees in life are death and taxes as we know, but with any luck our northward climb continues for the days, weeks and months to come..There's a large gap to fill from the drudging we took December 12th, so I appreciate the technical you cite Sail.
keeping it all in perspective, the stock is still down on a scale in relative terms to most time frames., .Up from March 2009 low, but off that high of 84 that year..Been down outside of the November-early December 2013 collapse from 90's and our brief 106 high ..Point being is we're still down and we KNOW so MUCH MORE NOW about the resource...At the end of sometime soon (I hope), I think we go much higher and beyond any highs of the past..I make that statement with the opinion that we get some positive results with the wells now being drilled..May validate the "String of Pearls" read on the far better SHU site than this MB of mostly hacks ...(outside of a few, such as us)..