(03-20-2013, 02:09 AM)ArtM72 Wrote: A billion dollars says that IOC is a sham and $3.5 billion says it isn't. Who to believe? I read the first 65% then the last 5% of 'the great debate' involving Bonk, Indoreservoir et al in the SA link provided by Admin (thanks). It reminded me of political discussions which, if one takes them as honest expressions of beliefs, nearly always have at their core 'I believe what I choose to believe and don't challenge what I know to be the facts'. Now, do I think Bonk and Alan etc. honestly believe what they post? No. I believe they are paid to push FUD (Bonk is much, much better at it). But why should we be so focused on accuracy in their statements? There are certainly many, many people in the financial media making a big deal about the Dow "breaking an all time record" and heralding that as a new signal the economy is recovering. Do those reporters and analysts actually believe the two claims to be correct? Who knows? More to the point, who cares? I believe the truth in the marketplace is that it doesn't really matter who is right or who is wrong at this stage in the process. There are people who believe the TV analysts (and/or contributors to bulletin boards) and make decisions accordingly. $1 billion has been voted against IOC, $3.5 billion for. Somebody's going to win the election, somebody will lose. Personally, as an engineer with 40+ years of experience in related fields I've been long IOC for 3+ years now and contrary to Bonk et al have yet to see a shred of evidence contradicting my belief the gas is in the ground, is very valuable and will soon be on the market. I've taken my chances, placed my bets. BTW, the Planet Money team did a great little program on the DJI (19 minutes at http://www.npr.org/blogs/money/2013/03/1...e-the-hype) describing with wit and wisdom what a terribly compromised number the DJI is. An interesting piece to listen to if you have the time.
Wouldn't it actually be 3.5 billion + 1Billion bought the second time as shorts resold shares?