07-06-2013, 02:44 AM
STP-Mr Market has more than one way to be short . One is to short the shares , another to buy puts and another the sell calls. When one states short they can mean one or all of the above. Sure Eric sells calls and that's a bet against IOC rising to much. He was wrong when IOC was below $10 .The point is shorting more IOC after this drop is a fools bet.