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+--- Thread: Interoil In Solid Uptrend Ahead Of Potential Short Squeeze (/showthread.php?tid=2851)
Interoil In Solid Uptrend Ahead Of Potential Short Squeeze - tarulestheday - 02-23-2013
One of the most popular long term buy and sell signals is the 50 day and 100 day EMA crossover signal. When a stock's 50-Day EMA (shorter term) crosses above its 100-Day EMA (longer term), the stock is in a confirmed price uptrend. When a stock's 50-Day EMA crosses below its 100-Day EMA the stock is in a confirmed price downtrend.
The 50/100 day Exponential Moving Average crossover system is a very accurate advance indicator for the most likely future price direction of a stock. This indicator gave a clear sell signal for Interoil (IOC) on November 9th, 2012. However, this crossover is now extremely close to a positive buy signal as shown in the following chart.
http://stockcharts.com/h-sc/ui?s=IOC&p=D&b=5&g=0&id=p32141238424
When this crossover is preceded by another shorter term crossover signal such as the 8 and 21 day EMA crossover, the uptrend or downtrend is even more statistically significant. Interoil very recently printed a positive 8/21 EMA crossover on February 7th, 2013.
http://stockcharts.com/h-sc/ui?s=IOC&p=D&b=5&g=0&id=p15262058294
In addition to these uptrending crossovers, money flow has been extremely positive during this recent uptrend and the fact that there are over 11 million shares short on 48 million shares outstanding indicates potential trouble for those maintaining a short position so close to impending news. Interoil management has recently disclosed a firm deadline for bids on their Elk/Antelope gas resource as of February 28th, 2013. It has been widely reported that there are at least two super majors, one national oil company and two utilities bidding for these assets.
A very recent rumor is that one of the major IOC shorts is very close to closing out the position. Luck to longs,
-TA
RE: Interoil In Solid Uptrend Ahead Of Potential Short Squeeze - admin - 02-23-2013
Thanks for that, Tarules.
RE: Interoil In Solid Uptrend Ahead Of Potential Short Squeeze - CAC - 02-23-2013
A very recent rumor is that one of the major IOC shorts is very close to closing out the position. Luck to longs,
-TA
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Meaning..."they have been covering for some period of time and are close to being finished"...or meaning..."they are close to beginning the covering process for their holding?"
RE: Interoil In Solid Uptrend Ahead Of Potential Short Squeeze - tarulestheday - 02-23-2013
'CAC' pid='17640' datel Wrote:Meaning..."they have been covering for some period of time and are close to being finished"...or meaning..."they are close to beginning the covering process for their holding?"
I didn't get that specific info but the takeaway was that the covering had yet to start (as of yesterday).
RE: Interoil In Solid Uptrend Ahead Of Potential Short Squeeze - johnwgrant - 02-23-2013
I remain amazed that the shorts seem unphazed by the imminent collapse of their short thesis.
Even if they have bought calls, they are in for a world of hurt.
The shorts must be hanging their hat on the hope/prayer that no Oil Company in the world will want to take a stake in a 9 TCF low-cost onshore natural gas project. The need for energy is too great (and growing) for InterOil not to receive some reasonable bids.
Go InterOil - prove the shorts "short-sighted" !!!!