07-07-2012, 04:41 AM
Agree, but volume picked up starting at 11:30 and last month RC did same thing. Stayed out until after OE then began supporting just under max pain. Max pain being $65 in 2 weeks and if RC wants it to stay above $70 it will be easy for him to help that if he wants to continue his climb toward 20%. Macro forces have been negative well before today and IOC had climbed against the tide. With news that Fido and Schwab have been contacting retail clients with large holdings ahead of 6/30 Mitsui extension and paying 8% (Fido) or more it's pretty clear that a move is being made. Too much money on table for it not to happen. Pretty predictable month to month to month............