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  • InterOil: Uncertainty Fading [View article]
    It is great seeing longs and shorts having a go at each other... That makes a market! I have been long and short this company , One thing is certain, I would not risk being short at the moment, rather not own it at all... It will be very interesting to see what happens in the next few weeks. I saw Mulacek in Europe not long ago. I am really impressed by the way Clarion converted debt into equity , and how easy it was to raise the cash to pay Merrill. You may agree or not with the story , but at the moment I find it not very wise to be short the stock , especially knowing the short interest! . It will also be very interesting to see what Netherland Sewell has to say. Raymond James has been behind this company a long time , and they have always been very bullish. Right or wrong , I am sure NS will provide with a very much needed independent assesment. Again , what would happen to the stock given the massive short interest? Are there any precedents?
    Jun 14 12:57 pm |Rating: 0 0
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