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Re: sweet crude post# 22743

Thursday, 04/09/2015 10:56:36 PM

Thursday, April 09, 2015 10:56:36 PM

Post# of 24848

major buy signal


Agreed that once indicators of a bottom present themselves following a major cratering, there is typically a nice bounce...


bet this is Iron Ridge exiting


This makes zero sense. Ironridge is a professional financier who has had countless opportunities to liquidate over the past 18 months at prices in the teens and even in the .2x levels. To suggest that they suddenly transformed into ignorant retail investors and panic-sold their entire multi-million share portfolio in a reckless uncontrolled manner for losses really has little merit to it...

...in addition, if Ironridge sold out, we would see an Amended 13G filed. Unless I am mistaken, I believe that the deadline for filing an Amended 13 when a beneficial owner decreases his/her interest by 5% or more is 10 days... ...so clock's ticking...