Fast Money

[oilmd9]

Just watching Fast Money on CNBC. IOC was the pick of the day. They thought stock had good chance of run to 90-95$. They were aware of elections.

[admin]

They've changed their tune..

(or their sponsors, whatever)

[oilmd9]

They've changed their tune..

(or their sponsors, whatever)

This was not Cramer. Now we have the article.

Big Money Very Excited About This Stock: Grasso
Published: Tuesday, 17 Jul 2012 | 6:24 PM ET
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By: Lee Brodie
Producer




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To present the best possible Trade of the Day, Steve Grasso, Director of Institutional Sales Trading at Stuart Frankel, asked a major money PM, for his very best stock.

This money manager is evidently so major that Grasso said he had to keep his identity a secret.

“But this guy practically rushed through the phone to tell me about InterOil [IOC 78.37 1.38 (+1.79%) ],” says Grasso.

InterOil Corp
(IOC)
78.37 1.38 (+1.79%%)
NYSE

The excitement is due to the potential from the discovery of a large gas field in Papua New Guinea.

Currently, there's an upcoming election and the successful candidate will decide the fate of the project. As things stand now, Grasso is hearing that a pro-energy candidate is the most likely winner.

But the stock is up 29% in the past year; are gains already factored in?

"I asked this PM," Grasso said. "I asked how much more is left in the move? He said a considerable amount more,” I asked if $90 was good (target) and he said that’s well within reason, if things go well.”

Posted by CNBC's Lee Brodie

[admin]

OK, perhaps I was to cynical, but who can blame me, with new banking scandals emerging by the day

[ValueSleuth]

Here's a link to the piece, including the video of the presentation:

http://www.cnbc.com/id/48217428

Enjoy.

This will further attract attention.

VS

[admin]

We never really had the MoMo traders behind us, if they arrive, they'll make life even more difficult for the shorts. I think from the last two days, the rumor about having a new whale has gained considerable credibility, if that's now joined by traders it could get fast and furious.

I think people are starting to wake up to the possibility for a Cove-like take-over battle (and if not that, we have parts or the whole of EA to sell..)

Most of the good fundamental news is still in front of us..

[TxPm]

Anybody want to take a guess on who this mysterious "PM"was?

[Palm]

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.

[ValueSleuth]

We never really had the MoMo traders behind us, if they arrive, they'll make life even more difficult for the shorts. I think from the last two days, the rumor about having a new whale has gained considerable credibility, if that's now joined by traders it could get fast and furious.

I think people are starting to wake up to the possibility for a Cove-like take-over battle (and if not that, we have parts or the whole of EA to sell..)

Most of the good fundamental news is still in front of us..

If the whale is Mark Mobius, that would bring tremendous credibility. He's HQ'd in SE Asia and concentrates on emerging markets.

Is there more of an emerging market than PNG?

If he's now mopping up the float, we're in GREAT shape.

VS

[Putncalls]

Here's a link to the piece, including the video of the presentation:

http://www.cnbc.com/id/48217428

Enjoy.

This will further attract attention.

VS

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Fast money is too fast for me. He just threw a valuation out there. I don't think he did any Math at all!!

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Fast money is too fast for me. He just gave the valuation a WAG. I don't think he did any math.