No reason for an UGH . see below. | IOC Message Board Posts


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Msg  5080 of 13357  at  5/20/2010 7:50:25 AM  by

us2u001


 In response to msg 5079 by  Joenobody06
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Re: No reason for an UGH . see below.


 
  Commodities have been selling off,  risk aversion is the trade,  no reason that a high beta stock like IOC is not  going to be impacted by that. The technicals are broken, sell first ask questions later is the mentality.  I doubt it has anything to do with individual stock fundamentals i.e.  deals etc but everything to do with momentum down and the shorts who love to play this stock. That has been the nature of this stock for years,  it runs hard both ways.  Doesn't help when you have the tie in to Asia and the Chinese stock market looks like it has been hit with a North Korean torpedo.  Then there is the worlds not insignificant problem of  de-leveraging... can't say STPIOC didn't see this coming and warned us.
 
  


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Msg # Subject Author Recs Date Posted
5081 Re: No reason for an UGH . see below. jft310 0 5/20/2010 8:03:08 AM


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