O'Neil and Interoil

[tarulestheday]

6 days down, losing over a $1 a day, if this continues we are in the low 60's by end of month. A no legs stock needs a press release sooner rather than later, get the boys together. Reason, losing over $55 million a day. Shorts are driving it down to cap or  trying  to manage the pps rise and doing an excellent job.

There is some recent support in the $67 range. Shorts are driving it down to that range and nervous longs are probably helping them.  Massive support in the $56-57 range.

FWIW, I will probably buy some calls if it trades below $68 before any announcement. We are now approaching oversold in the short term charts.