I must admit it is encouraging to see green on the board for the first time in some time. Even with the PPS is at only $50-51, perhaps we have turned a corner here. I am curious as to the thoughts of some regarding this nice little move off of the $44-45 range. Are we seeing short covering? Are buyers re-entering the stock after possibly selling post deal announcement and for tax reasons? Are new buyers waking up to IOC? The sense I get is that we reached a capitulation point, and that is based solely on contact with many small investors such as myself. What is the saying? "When you look around and can't find a reason to buy, buy as much as you can?" The psychology of we investors is funny. I am not speaking for anyone else, but from my standpoint, the depression of dropping dramatically after the deal announcement we all thought would send the stock to new highs has taken some time to get over. Now that some time has passed, personally I am re-focusing on the fundamentals, the resource, and a CEO who seems to have the background Interoil needs. Perhaps that sentiment applies to more than just myself. We have a stock here that has been seriously de-risked, and if we have a little patience, I think we all might be very well rewarded in the end. I am taking my eye off of the intraday and short term pps to some extent because we now own a stock that is going to be valued very simply on it's resource, it's execution, and it's agility to make the right deal here and there vs rumor and innuendo.
Good luck longs