Orchestrated Bear Raid

[ebster123]

Kudos to the criminals who were able to manipulate the PPS (knowing the SEC is probably the weakest authority...and I use that term loosely).  Clearly a manipulation with 5 million plus shares traded in a little over an hour.  We have been told for quite some time those bigs behind the shorting had very deep pockets, they showed it today.  This will likely blow over in a few trading days and the former shorts will be long and we will see orchestrated moves that are more regular.  Still ducks but having been in IOC long enough I am not really shaken by thus, not happy I dud not capitalized on the dip, but all will settle.

[tarulestheday]

The premarket spooked quite a few longs so I don't think this is 100% shorting. But much of it clearly is. They also managed to hit a zillion stop orders along the way.

I will say it again - IOC will need to be sold to ever achieve reasonable valuation as long as 12 million shares are held short by the criminals. At these prices RDS or XOM could make a hostile move now.

[trans]

The premarket spooked quite a few longs so I don't think this is 100% shorting. But much of it clearly is. They also managed to hit a zillion stop orders along the way. I will say it again - IOC will need to be sold to ever achieve reasonable valuation as long as 12 million shares are held short by the criminals. At these prices RDS or XOM could make a hostile move now.

According to whalewisdom.com 13f filings:

a/o 9/30/13  Credit Suisse

common shares    6047      $431,000

Put shares    30,000             $ 2,139,000

that suggests Credit Suisse was short the equival of almost 3 million shares on  9/30 and hints that they are still short.  Are those the 30,000 IOC puts rolled every month forward?

If so, what are they doing being IB to Total while holding this bear position?  This would be a conflict of interest, imo

[Bevo]

The premarket spooked quite a few longs so I don't think this is 100% shorting. But much of it clearly is. They also managed to hit a zillion stop orders along the way. I will say it again - IOC will need to be sold to ever achieve reasonable valuation as long as 12 million shares are held short by the criminals. At these prices RDS or XOM could make a hostile move now.

According to whalewisdom.com 13f filings:

a/o 9/30/13  Credit Suisse

common shares    6047      $431,000

Put shares    30,000             $ 2,139,000

that suggests Credit Suisse was short the equival of almost 3 million shares on  9/30 and hints that they are still short.  Are those the 30,000 IOC puts rolled every month forward?

If so, what are they doing being IB to Total while holding this bear position?  This would be a conflict of interest, imo