04-11-2013, 11:56 PM
From Investor Village-joenobody, IOC board
Interesting trading pattern
Yesterday someone by the name of Bonka_dies told people they are going to crush IOC by pushing it down to 63 with a large sell order. A few minutes later , close to 40000 share
was traded at 71.12. To me it looks like someone, likely a market maker, was determined to stop the shorts in their track by buying up their short shares. 40K shares gone down the drain without anything to show for it. Had the shares not been bought , the shorts could really have been able to push IOC down below 70 by taking out all the stop loss orders.
was traded at 71.12. To me it looks like someone, likely a market maker, was determined to stop the shorts in their track by buying up their short shares. 40K shares gone down the drain without anything to show for it. Had the shares not been bought , the shorts could really have been able to push IOC down below 70 by taking out all the stop loss orders.
Time to panic shorts. The squeeze has started !