02-12-2013, 11:45 AM
I'm beginning to suspect more and more we are experiencing a "London whale" like scenario where one or two main traders are forcing a dislocation in the price of the security (in this case IOC stock) by simply taking larger and larger positions. Just like we saw in the case of the Whale when the trade begins to normalize massive losses will be realized causing the trade to unravel and swing the opposite direction quite quickly

