'Getitrt2' pid='57999' datel Wrote:
'johnwgrant' pid='57994' datel Wrote:Are the MM's trying to pin IOC's stock price at $50 for options expiration ?Don't know, John, wouldn't surprise me, but I do suspect shorts are working it in conjunction with the options expiration. Three million shares short is a hell of a lot less than 14 million, but still a lot for this stock, and I think they can still manipulate it given its low volume, which also usually coincides with the current domination of the message board. (I wish the Company would take action to find out who the hell the full-time short basher "avi.morax" is, not to say he can move the stock by himself, but who is he connected with?) I don't normally give much credence to the many conspiracy theories out there, but I think there's something to this one! The Q1 report is behind us now, and they can be fairly certain of little or no news or exciting press before the AGM in June. It wouldn't surprise me for the short share count to be down signficantly more by then, probably a positive once we get past the manipulation in the meantime. We could use some increases in these overly conservative pps targets the analysts still have on it. Am I paranoid?! I remember someone suggesting that a long time ago, at which I responded, "Probably so, but that doesn't mean they aren't really after me!". HA! I take comfort in believing more than ever we will win in the long term, with that positive trend already in effect, and due to accelerate as the year progresses. The best to all believers. Spread the word!
I have to say, as I might point out to others, many other E&P companies are also taking a hit today, which I feel sure is a factor today. Then again, I think shorts like to take advantage of that kind of situation.