That is what I am guessing too but that was a lot of volume for the premarket. I think some got spooked by the TOT PR and sold.
ALL ABOUT DRILLING for the next 1 ½ years.
And that is how Dr. Mike feels he can ultimately maximize shareholder value.
The short arguments have evolved over the years and their list is slowly evaporating. Even BonkTilson is fading away and Eric hasn't made his typically outlandish and arrogant predictions lately. Dr. Mike has changed everything and they know it even if they won't admit it.
Longs need to remember that you can't have ~30% of the float short without alot of liars and bashers about.
SO we are back to bashing Phil? Wow, shorts are beyond pathetic.
Shall we start bashing GW Bush? That would be productive AND informative!
They bash and short the same stocks. Bonk is either Tilson or Bonk works for Tilson. Either way, they are sloppy with their shorting fingerprints.
Double my position today. Thanks shorts for the cheap shares. After that put position is closed, SDRL will bounce hard. It's hard to match the safety and the divi here.
Shhhhhh! Most low information voters don't realize this.
BTW, Eric supports the Messiah just like his pal Bonk does. Interesting parallel between IOC shorts and Obama sycophants.
Bonk Tilson and his pals tried to steal more shares to cover under $85. Nice that they failed. I think Tilson deserves to go BK over his IOC position.
The stock has pulled back to $87 range so less margin calls will be issued at prices under $90. Just watch the margin calls when the stock closes over $100. Many shorts will have to cover whether they like it or not.
I tend to agree with Bullrush. A little consolidation here is expected and a very good thing. Establishing a new and firm base around $85-90 range is exactly what IOC needs prior to the deal. It is very hard to discern buying from short covering so it's anyone's guess. As Trans has stated, it's all accumulation.
Sentiment: Strong Buy
What do I think of your $85 short? I think you are going to lose your #$%$ the longer you wait to cover.
Oh good. A few shorts burning up along the way to $150 could be more IOC rocket fuel. Thanks in advance.
This is the first time in over four years long IOC that I was not hedged at all. Thank you Dr. Hession for a brilliant CC and one that made my various trading accounts EXPLODE to the upside.
Sentiment: Strong Buy
I can't. Best IOC CC ever.
Shorts must be uncomfortable now as they lost control today. Now we need new buyers to stop the shorts from clawing back this week.
Luck to longs.
Another up day on Wednesday and we should see some forced buyins over $80.
Dr Mike RULES!