+- ShareholdersUnite Forums (http://shareholdersunite.com/mybb)
+-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1)
+--- Forum: InterOil Forum (http://shareholdersunite.com/mybb/forumdisplay.php?fid=4)
+--- Thread: Croozian Reversal (/showthread.php?tid=442)
Pages:
1
2
- TomCrooz - 02-29-2012
It would be a good day for a key reversal. Stock is hitting into a 50% retracement(actually around the 60 area)of it's last leg up. I sure hope it happens.
- Dmarque - 02-29-2012
TC:
Remember, "HOPE".....is not a plan!
- Palm - 02-29-2012
That's true! Sparty hoped they would beat Indiana last night, but they didn't have a plan.
Croozer, time for one of these to kick in, but not seeing a catalyst. Still do not believe the Flex release was the real reason for the drop yesterday. In December when IOC PR updated the situation with EWC/Mitsui and Flex/Samsung it was pretty clear that Flex was in question. Yesterday should not have been that much of a surprise. We either have some bad news leaking, or this is anticipation that March FIDS are vulnerable. I think the latter due to comments that T2 drilling is proceeding as planned, but they are going slow and steady with end of March most likely anticipated as bringing some drilling results, but hardly TD.
Markets have taken a good jump and may need a rest and anything with risk is getting sold off. I hope Wayne has something that will at least prop up pps and avoid last year's drop when FIDS were pushed back.
- trans - 02-29-2012
Hope Tom's right or is so soon.....fwiw, looked back at the trading action last year this time and was surprised to see the stock worked lower from 2/24/11 right into the RJ conference. 77.50 down to 68.08, but volume was noticeably less. However, from around RJ update stock rose from 68.08 to 81.92 right into our scheduled conf call for earns etc. Don't believe it will unfold precisely that way, but I would expect some action fairly similar, unless unexpected news. Also, I'm becoming totally convinced these short attacks really line up on news those people get from PNG. That leans on politics there and Lazard to me. fwiw
- Libtardius Maximus - 02-29-2012
fwiw, shorts have been laying on the ask for a week now. This is clearly a bear raid and seems unrelenting. Never forget the vast number of shorts that are in this stock, and they are pro's.
I have no idea what is going to turn this around, but we're heading for March, something has to give.
- Dmarque - 03-01-2012
TC:
So, still you end on a HOPEFUL note ......Hey, Bud, quit basing your investments on HOPE and SHARPEN that pencil and your grip on the reality of this situation. With acquisition costs of .50/mmcf in a market willing to pay $16. No hope is neecessary to be successful with those kind of margins Pards.
PS. SPARTY is a mascot. The MSU Basketball Team is composed of Spartans. It's a tough conference and Indiana is one of my favorite teams in our conference. Tom Crean is Tom Izzo's protege and one we in East Lansing our proud of. No hate here for Indiana. They are our Big Ten Brothers! They did good on their home court and we did well against them on ours. Identical spreads in fact.
Mark
- Petrovale - 03-02-2012
Trans, Lib, any new insights?
- trans - 03-02-2012
Maybe tomorrow, need some data that isn't there yet.
- trans - 03-02-2012
One interesting observation, don't know if it means much, but 2500 Mar 80 and 1500 Mar 85 calls traded today.
- Petrovale - 03-02-2012
I believe $56.60 is the 50% retrace from the high of 11/10/10 and the very bottom of the current channel. Let's hope it offers real support.