SA cc Transcript now available

[ebster123]

Here's another perspective on Tuesday's drop most of you may have seen on Yazoo from supposedly a professional short who switched to the long side the last time it was in the high 60s. If you believe him, the content of the cc was irrelevant, other than the absence of a deal announcement allowing what was carried out. "•short_em_hard short_em_hard • Aug 13, 2013 7:52 PM It was a planned takedown by short hedges with side play option profits...but understand the deal is now more likely than ever. Don't take it the wrong way - but many on this message board are so naive. This was a planned takedown as someone posted. They have it right... the criminal short hedge funds conspire days or weeks before earnings on a stock like this. They know people for some reason expect deal news - but of course you are naive if you expected that - because as someone else rightly said - a deal like this is so material there is zero chance it can be saved for an earnings call. it has to be announced immediately. The hedgers know that - so they short calls in the mid 80s and buy puts and then short some stock and then when AS PROFESSIONALS EXPECTED - a deal is not announced just because its earnings release day - the shorts machine gun this down with automated 100 and 200 lot sell orders - some between the short hedge firms themselves back and forth - they panic amateur longs and sink it well below anything on this call should sink IOC - but they are manipulating it down. Longs panic & sell or just freeze & don't buy the dip which is what they should be doing. Then on the predetermined range (likely low 70s today) - they start buying calls, selling their puts and going long calls and short puts and then start covering. Some may actually go long. With IOC its easy as the premiums in the calls and puts are insane and its easy to knock this down on like 20,000 share machine gun as 80%+ percent of volume of this NYSE stock is NOT on the NYSE. Manipulation cubed. So I was ready for this - protected gains and absolutely loaded in the 71s and 72s when the call volume picked up and I noticed the reversal...its real easy. But make sure you understand one thing - today's dip was PLANNED on the expected lack of deal clarity - fully expected - and really had nothing to do at all with IOC fundamentals changing or likelihood of deal closing changing. In fact imo - the deal is now more likely than ever." This is probably more correct than not, and it seems to me to have involved illegal manipulation.

So very true, the sad part is the SEC sits and watches and does nothing of material impact or waits too long to do so. It is like a police officer watching a robbery and doing nothing but calling the station to say there is a robbery taking place (if the SEC even does that).  So pathetic but true.  Only a deal announcement will get rid of the fleas.  But, if it is not significant enough they will likely return to play their games some more.  Time will tell...