12-07-2013, 06:30 AM
'tarulestheday' pid='33270' datel Wrote: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