Boris Yaker

Cramer's Mad Money- How to Invest in a Bear Market (7/2/09)

IOC.... Interoil.... Stay away unless you plan to short.

The recent run up based on "NEWS" from "UNKNOWN SOURCES"
that two (2) Chinese petro-companies are interested in buying or buying into Interoil for $500 Million... HAS NO BASIS or BASES!!!

The entire company may be worth $10 per share, but NO MORE!

Boris Yaker
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Friday Options Recap

IOC...Interoil...

Has been pushed by FRIENDS of Management with relatively slow volume moved upward for the last 6 or 7 weeks to over 35 based on little more than a small amount of gas and just a smell of oil in New Guinea.

Earnings are someplace little and nothing and IOC's news is really nothing other than rumors.

IOC will tumble as soon as the FRIENDS head for the hills...and IOC tumbles back to about $10 where it belongs.

It may be hard to short... buying 'inthe money' or slightly out of the money calls amy be a better bet.

The truth will prevail before the 4th of July.

Boris...

Panic Selling in InterOil: What Now?

INTEROIL pricing is just a sign wave curve... Having hit a high of 41+ in June 2008 to a low of 8+ in Novemember 2008 to a recent "UNJUSTIFIED HIGH" of 30+ last week... A more than justified turnaround as soon as managements' close firends quit buying ... will bring it back towards 8+ very fast! IOC is a very appropriate short now, but naked call options may be a better, although less rewarding, play.

BORIS...