NYSE:IVAN.WS - Post by User
Comment by
trader2dayon Sep 06, 2014 5:14am
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Post# 22912260
RE:so actually
RE:so actually
That is one way of looking at it but the since the consolidated shares are out of the float it was a true rise Friday of 32 cents per share.
Why are Friday's becoming the theme day for the best traded days? That is 2 in a row now.
I can rest assured the short orders have but disappeared now if the is an upward trend we now are seeing in the stock price.
Monday will be the test to see if the trading continues bullish upward or settles back to selling off again as it did last Tuesday to Thursday.
At least this stock is moving one way or another unlike some stocks out there that never move.
A trader can make a fast buck on either the upside rises or downward fall with this one.
Long term is still a question what news is coming down the pipe on the Ecuador deal with the Chinese Oil Company and Ecuadorian Government. Till that ink is dry on paper and investors know what that new deal consists of we will more then likely see large volitility up and down in the stock on speculation.
The Chinese like HTL technology embracing Ivanhoe as does the Ecuadorian Government. The question now who is going to be the underwriters for the cash deal and what is their cut going to be? 6+ billion barrels of "heavy oil" who will get the best deal to develop it for Ecuador?
Closed doors shutting us out of what is going on.. but something is making the market buzz about what insiders are saying behind those closed dooors in secret.
We wait, We wonder, We watch :)