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IOC has had it pullback from overbought levels and is it now oversold. We are at the 200 EMA support line. With almost 10 million shares short, and InterOil stock getting very difficult (if not imposable) to borrow, now is the time to commence “Operation Lemonade”. Step one was to get RCCC to dry up the float. Now is the time to start to move all shares from your type 2 (margin) account into type 1 (cash). If you are unable to get your shares out of the margin account, place good till cancel orders to sell IOC at $150.
The zebras have had there fun. Now it is time to start the squeeze
"And maybe someday we will find , that it wasn't really wasted time"
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This is correct. Friday maybe Thursday night the fun begins.A series of announcements that over time will change the company. See the smirks on the shorts posts
today.RC I am sure will change his status when the news starts.I believe he has been loaning shares to the shorts and the tune is about to change. Think the Investment Bankers don't know how to do this???????
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Interesting last comment, because "shortable stocks" (Interactive Brokers) shows 85,000 IOC shares available for loan today. For the past 7-10 days, the amount available has been only 5-6,000 shares each day. Wondering why the jump in inventory of IOC stock for loan today...
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We'll be getting some blitz from central banks as well, considering the hyperbolic rise in Spanish (and Italian) yields, especially if the Greek elections go 'wrong.'
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Trans - does it say what the % cost to borrow is on the interactive brokers shares?
Thanks!
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I don't think so, but you can access their site and they will tell you. I believe they give a number for you to inquire. I just monitor their "shortable stocks" section for IOC.
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Today, Interactive Brokers "shortable stocks" shows 150,000 shares of IOC available for loan versus 85,000 yesterday and 5-6,000 7-10 days before. fwiw, seems some folks are backing away from shorting here.
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Might be covering and thus the shares are available again for another brave sole to short.Fidelity has zero shares to short this AM
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200,000 shares available for borrow now...interesting
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MS had zero for the past two days, but I saw 200,000 on the IB site this AM.
"And maybe someday we will find , that it wasn't really wasted time"
