You have to assume that good news from IOC went to insiders and preferred stockholders a few months ago. With that news, here's what the Billionaire investors and large hedge funds do. SLAM the bids with huge blocks. Maybe even initiate a huge short position and drive out all stop orders and small investors, then re-buy those shares and then some. Following what appears to be a collapse in the stock, the manipulators take the stock to new highs when the real news is disseminated to the average folk. See for yourself. This is how the game is played.
Here is the news: Click Here
Here is the chart: Click Here
