Posts: 2,904
Threads: 58
Joined: Mar 2012
Reputation:
259
A billion here, a billion there. Doesn't mean squat in the bigger picture. That's the game that's being played, played for the really big money that's involved. Does anybody really think this company is worth $4 billion at $80/sh? So $200 million changed hands today on the NYSE? Doesn't amount to a hill of beans unless you've got yourself leveraged to the max. Then I hope to God you get your timing right (if you're a nice person that is :-)).
Let the damn computers and hedges play their games. It's nickles and dimes.
Posts: 148
Threads: 13
Joined: Aug 2012
Reputation:
48
First of all, it is my hope that the IOC board and management team are focused on the best deal and what is right for the long-term value of IOC. I hope they are not listening to anyone who is playing this stock on a short-term basis. Personally, I like what I hear and I believe it is the right thing to do. Every time we see manipulation we blame it on what management did/said or did not do/say. What we should be doing is complaining to the SEC and our congressmen that this crap is allowed to happen to begin with. It is pure gambling and has nothing to do with "investing". It blows my mind that Wells Fargo, Fidelity, MS, etal are allowed to loan out their customer's shares so that shorts can drive down the value of their customer's investment. It is just not logical. Unfortunately, the average investor in a fund does not understand this. If they did, they would not allow it.
We always read some type of stupidity into an announcement or actions when we have no idea what the management team is having to balance. As someone has said several times on this board - "If you can't stomach the ups and downs of this stock, go invest somewhere else!" You will just be giving the shorts what they want -- your shares at a cheap price!
CF
Posts: 8,568
Threads: 1,342
Joined: Dec 2011
Reputation:
380
This company is owned by 10 entities .They control 70% of the shares. Those entities don't want to sell and they know way more than others. They want a deal with Exxon and then drill and do it again. Please check with your sources and ask them what IOC mgt states about the deal.
