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+--- Thread: Another one bites the dust. (/showthread.php?tid=10690)
Another one bites the dust. - Gator - 06-11-2016
Another long time large holders is cutting their position in InterOil.
Wells Fargo filed a 13G as their stake in IOC is below 5%.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.[X ].
RE: Another one bites the dust. - Libtardius Maximus - 06-11-2016
So they voted white and started selling.
RE: Another one bites the dust. - Putncalls - 06-11-2016
Selling is a bad indicator for the CVRs.
RE: Another one bites the dust. - AU74 - 06-11-2016
'Putncalls' pid='71993' datel Wrote:Selling is a bad indicator for the CVRs.
Every share sold was also bought by someone.
RE: Another one bites the dust. - Putncalls - 06-11-2016
If WF sold a lot before the CVRs there would be more to it than that.
RE: Another one bites the dust. - AU74 - 06-11-2016
I think they just banked some of the recent gain. I've been consider selling half my holds to hedge my bets and bank some gains too.
RE: Another one bites the dust. - Putncalls - 06-11-2016
Holding through the worst oil bust then selling doesn't compute and it's not logical.
RE: Another one bites the dust. - AU74 - 06-11-2016
Do we know that they didn't add to their positions when the stock was in the 20s? That's what I did and I'm well into the black. Regardless, they could see it as an opportunity to show gains this quarter/year.
RE: Another one bites the dust. - Putncalls - 06-11-2016
Good point AU. It was a long term for hold for them and now it's probably not.
RE: Another one bites the dust. - trans - 06-11-2016
'Gator' pid='71988' datel Wrote:Another long time large holders is cutting their position in InterOil.
Wells Fargo filed a 13G as their stake in IOC is below 5%.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.[X ].
They went right below the 5% filing rule. Now they don't have to file anymore or divulge any selliing in the future. That's why they did it..