08-07-2013, 02:48 PM
The problem with IOC is the float, the percentage of total shares that are available for trading. A stock split won't change that.
The small float makes it possible for manipulation of pps.....that along with a cooperative mm.
IOC needs a deal that monetizes the assets and the major stockholders need to stop lending their shares for a few bucks.
That will create any short squeeze that may be available.
I am not convinced that the shorts are all that vulnerable to a squeeze. With both long and short accounts together with options positions, a short squeeze may not be in the cards. Just sayin.....
The small float makes it possible for manipulation of pps.....that along with a cooperative mm.
IOC needs a deal that monetizes the assets and the major stockholders need to stop lending their shares for a few bucks.
That will create any short squeeze that may be available.
I am not convinced that the shorts are all that vulnerable to a squeeze. With both long and short accounts together with options positions, a short squeeze may not be in the cards. Just sayin.....