12-07-2013, 06:04 AM
The premarket spooked quite a few longs so I don't think this is 100% shorting. But much of it clearly is. They also managed to hit a zillion stop orders along the way.
I will say it again - IOC will need to be sold to ever achieve reasonable valuation as long as 12 million shares are held short by the criminals. At these prices RDS or XOM could make a hostile move now.
I will say it again - IOC will need to be sold to ever achieve reasonable valuation as long as 12 million shares are held short by the criminals. At these prices RDS or XOM could make a hostile move now.