04-03-2013, 03:00 AM
This is all just becoming official. The "game" has been that Petromin has been designated as the State nominee by NEC and it (Petromin) is a political animal with plenty of power/pull. Big egos have made many promises and assurances to shorts. And yes the short interest has gone up, but so has pps. So who really knows more of what is correct? Up until very recently shorts have been very sure of themselves. But this thing with Petromin has happened very recently and very suddenly; within the last couple of weeks. So what can 14 million short shares do at this point? Look at the options and what others have said about that. Then they can hold out some hope that their original bets play out or play out enough for them to be able to recover. At this point they don't dare start running for the exits. Their only hope is that there are more than 4 aces in the deck still. But O'Neill and the NEC just switched the dealer and the decks. The odds are now back in the house's favor and IOC is in the house. Time to deal.