06-20-2012, 07:31 PM
Justin, I would agree we likely have two phases of trading in IOC here. First, between here and getting positioned near all time highs in the low 80's. Second, the upside penetration of those all time highs, which should set off quite dynamic action. Right now, we're starting to work the first phase. IOC needs some time to properly position to break from the first to second phase (all time highs), so I'm with you and will wait to see the trading behavior develop somewhat further here up to those highs. It i rate for a stock to make early bull all time highs without eventually making further new highs in the next 2-3 years. I expect new all time highs somewhere ahead.