PPS Surge this week

[Optionray]

I believe we will see a rise in the PPS this week because of lack of tax loss selling.  Knowing that we are expecting good news, hopefully between now and then end of the year, I can't imagine anyone that purchased the stock under 70 this year selling  between now and the end of the year and then having to wait 30 days to buy back (because of the IRS wash sale rules).  Additionally, because of the capital gain increases next year, I can't imagine the shorts not locking in profits before the sale down / buy out announcement and putting some additional pressure on the upside by covering their shorts.   Of course, I'd like to see the announcement this monday morning but don't expect anything until the 27-28th.  I suspect mgmt sure would like to show those reserves / FID by the end of the year.

[Palm]

It's OE week; unless we have some significant news announced I doubt we see much of a pps rise.

[Justin94360]

Max pain is currently $67.50 though so for once that is in our favour.

[jft310]

Hoped for news is a completed PNG PA and IOC BOD approval.Thursday or Friday. What does that do to the PPS??

[ebster123]

I suspect, given possibility of news end of month might have been a reason for sell off two weeks ago. That was more than 30 days from 12/28.

[TxPm]

One thing worth mentioning is that even though this is OE week the largest outstanding volume contract is currently the Dec 110 calls.....I'm not saying this means anything but there is quite a bit of room for the pps to run before we get anywhere near max pain. Also I'm with JFT in my belief that when the SD and approval is given all these "technicals" and OE stuff won't be able to hold the price back so that's what we have to wait for

[trans]

Nice, after lunch the shorts are again selling stock to try to push ioc lower, except someone is buying what they sell lately. this is a good sign that something is cooking... including the shorts.

[johnwgrant]

Nice, after lunch the shorts are again selling stock to try to push ioc lower, except someone is buying what they sell lately. this is a good sign that something is cooking... including the shorts.

It's surging alright !!!   $58.85 -- only $16.15 more to go to get back to where stock was sold 2 years ago !!!   (ie, it's still cheap right now !!!)

Go IOC !!!

[Tusker]

I believe we will see a rise in the PPS this week because of lack of tax loss selling.  Knowing that we are expecting good news, hopefully between now and then end of the year, I can't imagine anyone that purchased the stock under 70 this year selling  between now and the end of the year and then having to wait 30 days to buy back (because of the IRS wash sale rules).  Additionally, because of the capital gain increases next year, I can't imagine the shorts not locking in profits before the sale down / buy out announcement and putting some additional pressure on the upside by covering their shorts.   Of course, I'd like to see the announcement this monday morning but don't expect anything until the 27-28th.  I suspect mgmt sure would like to show those reserves / FID by the end of the year.

TOOT TOOT  !!

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[Palm]

OE week is pretty predictable; playing out as expected