 | The Interoil.by Chuck Bennet on May 8th, 2008 at 7:30 pm |
Everyone loves a good short squeeze. Some more then others, but no one more then me right about now. (IOC: 9.30 -3.13%) on the amex has been mentioned more then once by yours truly. Stock loves to make a 50 to 75% move every year atleast once. You girls are looking at it. It may fall down tomorrow, however I think it still has another 10 points to go.
I f you wanna play it safe, do a debit call spread in the June 30 and 35. I did one for 1.25. I did may’s for a 1.05 with the may 20 and 25. cover the short 25 @ 1.75 and 2.05. Sold a little today of the May 20 at 7.60. This was a kick ass week!
Many positive things happening with company, Raymond James has a report out that reads rather well. Sorry I do not have for all to read. Maybe one of you good people can get?
Regards
chuck
shortsqueeze.com 48% short, but they have increased position, and they still have time before they need to cover. I’ll check it out sometime next week when there’s fewer days to cover, and shorts start to get nervous.
May 9th, 2008 at 1:41 pm