we are going down at least 2 more dollars in the next few days... | IOC Message Board Posts


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Msg  2209 of 13357  at  5/8/2009 10:54:34 AM  by

us2u001


 In response to msg 2207 by  dhpar
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Re: we are going down at least 2 more dollars in the next few days...


 
  I wouldn't be surprised that the market makers hold it above $32.50 to ensure the debt conversion happens, if that is to the benefit of the company and its large holders. If  that conversion is not a priority  then  like the market maybe it pullbacks but a good portion of that has happened already from $36.  Lots of eyes on this story so I expect support, you don't appear on the front cover of World Oil with the largest gas find in recent decades without a lot of itchy buy fingers out there waiting for pullbacks.
 
  An ideal time to hold a growth stock with a great story unfolding, just as we come out of a terrible bear market. Looking forward to see where we are at year end. 


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