07-18-2012, 09:56 AM
The "mover" is likely to be GS I think. Been thinking for the last few weeks about who might be the one supporting IOC when it gets below $70. It's not Chandler. CNBC, especially Cramer, is GS driven. With OE Friday and pps climbing, what better way to make up for not capturing all those premiums sitting from $75 down? And today Croozer and I were talking about the now 28,300 calls at $100 for Sept. 2.8 million shares that far above current pps is either a massive bet that pls will be well above $100 by then or a loss limit for some short(s).
Could be the squeeze is being manufactured tomorrow. Or some time. Very soon.
Could be the squeeze is being manufactured tomorrow. Or some time. Very soon.