04-15-2013, 07:44 AM
IOC will get bought by a Super Major in total all of it someday. Thats the payday. Nothing wrong with trimming now and then. The old rule of thumb or rule 1 is sell 1/3 when it doubles I have ignored that rule so far, sell another third when it doubles again and I have ignored that so far and whats left is their money. There is a pile of institutional money waiting for the deal to BUY IOC. Retail will sell and the instituions will BUY,.At some point with this short interest the stock price gets ahead of itself. Back to rule 1 and note to self can't go broke taking a profit. Everyone's situation is different . This IOC money for me is for the Grandkids college and the oldest is 9 years away.
Others may have shorter uses of funds.
Can't say what I will do cause I havn't seen the deal yet and all the new research write ups that will follow with their level of detail. One thing for sure I will sell my calls and cover my short puts...A covered call at some point would make sense.
Others may have shorter uses of funds.
Can't say what I will do cause I havn't seen the deal yet and all the new research write ups that will follow with their level of detail. One thing for sure I will sell my calls and cover my short puts...A covered call at some point would make sense.