EZ Lunch Money

[Tree]

Anyone else making lunch money day trading this coiled spring??

Worse thing that happens is you get stuck with IOC in the $70s.

I've been enjoying it while I can.

It's an easier buy to trade in the upper $70s than it is in the upper $80s/90s that are only a hint of NEC approval away.

[Tree]

Nuttin can be finer than making a couple bucks a share on a few hundred shares a couple of times a day every moooooorrrr........nin!

Nuttin can be sweeter than to have her.....Never mind. Some may find that offensive.

[Gator]

Reloaded after my last sell. Purchased IOC @ $77.58 today and sold the Oct $90 calls for $2.50. 18 days to expiration. 20% return if called. 3.3% if unchanged. Annualized return if unchanged 66%

[Tree]

Nice job Gator. It's so EZ, even a Tree and a Gator can do it.

[Orlando]

While Tree continues to use the low-volume churning to get some lunch money for all his wives, I find myself thinking about the manipulation of the stock price that we all suspect. I have no first-hand experience with institutional trading desks, so I am just speculating here. I also realize others on this forum have previously mentioned the possibility of manipulation being done by institutions on the long side. More and more, I suspect that whatever manipulation is taking place is being done by someone like MS or GS to keep the price down in order to accumulate stock for clients over time without pushing the price up too fast before the news breaks.

Again, I am aware that I am not the first to mention this and that others on this forum have more experience and knowledge with how the big institutions operate. It just seems to make more and more sense that the price is being held artificially low in order to allow some longs to soak up more of the float. Then, when the sell-down news hits, it will make that spike to $99 seem like just a boring dry run for the main event.

[ValueSleuth]

While Tree continues to use the low-volume churning to get some lunch money for all his wives, I find myself thinking about the manipulation of the stock price that we all suspect. I have no first-hand experience with institutional trading desks, so I am just speculating here. I also realize others on this forum have previously mentioned the possibility of manipulation being done by institutions on the long side. More and more, I suspect that whatever manipulation is taking place is being done by someone like MS or GS to keep the price down in order to accumulate stock for clients over time without pushing the price up too fast before the news breaks. Again, I am aware that I am not the first to mention this and that others on this forum have more experience and knowledge with how the big institutions operate. It just seems to make more and more sense that the price is being held artificially low in order to allow some longs to soak up more of the float. Then, when the sell-down news hits, it will make that spike to $99 seem like just a boring dry run for the main event.

We all know that investment banking institutions regularly "support" (manipulate) the stock price when offerings are made.  The offering documents flat out state that may be done.

It stands to reason that the flip side can/will happen as well.

Just part of the games people/insitutions play.

Nothing is as it seems.

VS

[Gator]

Closed out the calls for under a buck. Still holding the extra stock. IOC holding up very well on light volume with the market pull back. Something BIG might be in the works.

[Tree]

Delmonicos for dinner too. It's called opportunity, your fair shot, your level playing field, your chance, your chance to join me in the 1%!!

[ArtM72]

"Nothing is as it seems."

Sleuth, no truer words were ever spoken. IOC is easily worth tens of billions of dollars. I say $100 billion with 20 TCF in the ground at $5/mcf. It is hard to imagine that kind of value hasn't attracted the gamesmanship of some of the largest players in the world. It is just gut wrenching to sit here waiting for the deal to appear, as I'm sure is one of the intents of the game.

Total SA comes out of nowhere and picks up half of surrounding leases and IOC's deal still on the rocks? There's big money involved with IOC. No telling anymore what is going to happen when. My bet remains IOC's first gas goes to Port Moresby.

[WhiskeyDelta]

"Selldown prices are known. IOC will split the stock and excess cash will be returned to shareholders. Prices are multiples of the current stock price." Says CFO Collin V. at the qtr conf. call as posted on yahoo by kencooksam 14 Aug., 2012. Sure looks like $2.85/$3.85 to me. With further verification/selldown, stock price should be $3-400.