12-11-2013, 12:42 PM
I feel for anybody that was leveraged in IOC from higher levels. I can't offer comment on the IOC Forum but also don't have the expertise that is so evident with others, so no problem. I do appreciate your posts and those of all of the other learned members. I have resisted the temptation to use options on my (long term) holding to generate income as I also like to sleep at night! However at these silly levels I'm tempted to add more shares.
One day the shorts will move on but in the meantime it's just too easy for them to make money. In principle I don't like shorting, never have, and IMO there is something immoral about large holders loaning their shares out to enable the shorts; they say it aids "price discovery" but what is going on with IOC, NQ and others must be bordering on criminal activity.
Paper losses are gut wrenching at the time but I have confidence that the truth will eventually reward us.
One day the shorts will move on but in the meantime it's just too easy for them to make money. In principle I don't like shorting, never have, and IMO there is something immoral about large holders loaning their shares out to enable the shorts; they say it aids "price discovery" but what is going on with IOC, NQ and others must be bordering on criminal activity.
Paper losses are gut wrenching at the time but I have confidence that the truth will eventually reward us.