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+--- Thread: Paulson is in!!! (/showthread.php?tid=3635)
Paulson is in!!! - TxPm - 05-16-2013
Just came in across my Bloomberg terminal. Paulson & Co has picked up 1.87Mil shares of IOC in the quarter ending March 31st.
This is huge news for IOC
RE: Paulson is in!!! - admin - 05-16-2013
Thanks for that. Well, it was pretty clear there was a whale silently accumulating. This could become fun.
RE: Paulson is in!!! - wapitidropiti - 05-16-2013
[This is great news!quote='admin' pid='22514' dateline='1368652696'] Thanks for that. Well, it was pretty clear there was a whale silently accumulating. This could become fun. [/quote]
RE: Paulson is in!!! - tarulestheday - 05-16-2013
'TxPm' pid='22512' datel Wrote:Just came in across my Bloomberg terminal. Paulson & Co has picked up 1.87Mil shares of IOC in the quarter ending March 31st. This is huge news for IOC
Almost two million more shares locked up from the shorts! Get ready longs for the ....
RE: Paulson is in!!! - Stavros - 05-16-2013
Here's a LINK to the Paulson & Co. 13F Filing.
Vhttp://www.sec.gov/Archives/edgar/data/1035674/000114036113021112/form13fhr.txt
Paulson has made bad bets on Gold recently but good bets on other stocks.
On March 31 when Paulson & Co. filed the 13 F, his 1.87 Million IOC shares were worth $142,326,000 ($76.11 per share)
And surely he bought at some lower average.
Today his shares are worth $161,905,000
Nice profit of $19.6 Million in 45 days, eh?
He knows this is only the beginning.
It makes no sense to be short InterOil.
RE: Paulson is in!!! - calaban48 - 05-16-2013
Just got a text message that "Pat Paulson has bought IOC" and thought the Smothers brothers might be next.
Then I come online for my "source for spurts" on things IOC and find it's a deep-pockets player.
"Paulson has made bad bets on Gold recently but good bets on other stocks."
Hmmm, me too. Glad it's that other Paulson guy.
Nice to see the world's top shorter come back from the dark side. Thanks for the news!~
RE: Paulson is in!!! - Tree - 05-17-2013
What is most impressive is Paulson took his position at the historical height of risk for IOC.
RE: Paulson is in!!! - Putncalls - 05-17-2013
'calaban48' pid='22531' datel Wrote:Just got a text message that "Pat Paulson has bought IOC" and thought the Smothers brothers might be next.
Then I come online for my "source for spurts" on things IOC and find it's a deep-pockets player.
"Paulson has made bad bets on Gold recently but good bets on other stocks."
Hmmm, me too. Glad it's that other Paulson guy.
Nice to see the world's top shorter come back from the dark side. Thanks for the news!~
The bad bet on gold is temporary!!!!!!!!!!!!!!
RE: Paulson is in!!! - calaban48 - 05-17-2013
'Putncalls' pid='22563' datel Wrote:
The bad bet on gold is temporary!!!!!!!!!!!!!!
[/quote]
Mister Puts, thank you for saying so. I am counting on that. Just like I doubled down when IOC went to $32, I am the proud owner (along with Paulson) of a fistful of Detour Gold Corporation. Alas, my fiscal fist is a tad smaller than Paulson's ... <sigh> ... He owns 11.7 per cent of that former Placer Dome open-pit mine in northern Ontario. <g>
OT:RE: Paulson is in!!! - admin - 05-17-2013
Good luck with that gold bet, I'm rather sceptic, I have to say. After four years of liquidity pumping by central banks left right and center, inflation still hasn't taken off at all:
- http://shareholdersunite.com/mybb/showthread.php?tid=3648
- http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/16/surprise-inflation-is-too-low-almost-everywhere-on-earth/?wprss=rss_ezra-klein
- http://jaredbernsteinblog.com/low-demand-low-inflation/
It will be interesting to see what happens in Japan, as they've taken 'stimulus' to new heights as we speak.