I think one either believes in the resources, discovered and undiscovered, and the management, or they don't. Also, we have known for years of the "short" element and the volatility it involves. Did anyone really expect it to simply disappear with an announcement, what with the past history?
IOC is a stock that includes great potential for growth and, in perhaps a couple years or so, some great income for the following few decades, perhaps forever. If I knew of a better place to put my capital, I would have done so a long time ago.
But I have faith in the resources and future income, so am staying long and will continue to add even more on dips like this, even though I already have quite a bit on the line already. The probable rewards are simply too great to bail now.
I do wish, though, that those who like to vent and post negative remarks would reconsider. No sense adding fuel to the fire and more fear and doubt. We are each capable of deciding for ourselves whether to buy, sell or hold. Play your cards a little close to your vest and keep the negative emotions off the board, please.