12-11-2013, 07:53 AM
'CAC' pid='33868' datel Wrote:I waited three years for Friday's event. In all honesty, there's no reason to definitively conclude that any of those future positive catalysts will be received by the market any better than this deal was. I say...maximize shareholder value...now.
I find it stunning that longs continue to focus on the next positive milesone for IOC. Do they not realize that the shorts are gearing up and preparing for the next positive IOC milestone? As long as they can bomb the tape with 2-5 million naked short shares, it doesn't matter what the metrics are. The share price can continue to be destroyed whenever it is necessary. Meanwhile, the shorts sell calls to the hopeful.
Only a buyout will get rid of the shorts PERIOD. How does is make sense to have an excess of 10 billion $ in gas and a market cap less than 3 $ billion?