Pinnacle Activity Ticker
INT Ready To Rock N' Roll?
Looks to me like INT may be getting ready for a nice run. INT was up 4 cents today to close at 41 cents. In my humble opinion it should have closed at 44 cents if it weren't for blatent manipulation. Macquarie placed a sell iceberg at the end of the day, and I will explain why I believe this was manipulation.
Macquarie clearly did not want INT to get away. How do we know it was a "hold down" iceberg instead of a "I want to unload my position iceberg"?.....Well, they could have placed their iceberg at 43 cents where the current market wanted to buy shares.....Where was it placed? At 42 cents, then they lowered it again to 41 cents. Now why would you need to lower your iceberg when you had the lowest ask? They also underestimated the move as they tried to originally stop the move with 100K on the ask at 40.
There are currently no warrants that expire until January 12th, 2013, so there is no rush for anyone to cash in their warrants.
I will be down at the INT meeting on Wednesday, and I will report back with my findings. I wouldn't be surprised if we get a piece of news before then.
As full disclosure, INT is now one of my biggest holdings.