Re Shorted IVAN @3.95 25K shares

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Re Shorted IVAN @3.95 25K shares BuffettHater@gmail.com 06-19-2008
Posted by BuffettHater@gmail.com on June 19, 2008, 1:58 pm
Took forever to fill on spike in volume and price, all small lots
largest being 1100.
Shorted on toronto to avoid currency play when saw a arb
between canadian dollar adjusted price and U$D.

Cover at $2.20

Did some research on the oil sands project they bought from
a major. . . cost over runs in sands running rampant, that is
why TLM elected to have IVAN do the work and allow a
back in option. Water is becoming an issue in the sands,
need to get permits for the 'other' type of gold, water.

There is good reason IVAN borrowed an extra 40% as
costs running away. . . .

Posted by =?ISO-8859-1?Q?-DirtBag=A9?= on June 19, 2008, 2:05 pm
BuffettHater@gmail.com wrote:
> Took forever to fill on spike in volume and price, all small lots
> largest being 1100.
> Shorted on toronto to avoid currency play when saw a arb
> between canadian dollar adjusted price and U$D.
>
> Cover at $2.20
>
> Did some research on the oil sands project they bought from
> a major. . . cost over runs in sands running rampant, that is
> why TLM elected to have IVAN do the work and allow a
> back in option. Water is becoming an issue in the sands,
> need to get permits for the 'other' type of gold, water.
>
> There is good reason IVAN borrowed an extra 40% as
> costs running away. . . .

IMO risky... I am long but not tied too tight to it so who knows..

Posted by =?ISO-8859-1?Q?-DirtBag=A9?= on June 19, 2008, 2:07 pm
BuffettHater@gmail.com wrote:
> Took forever to fill on spike in volume and price, all small lots
> largest being 1100.
> Shorted on toronto to avoid currency play when saw a arb
> between canadian dollar adjusted price and U$D.
>
> Cover at $2.20
>
> Did some research on the oil sands project they bought from
> a major. . . cost over runs in sands running rampant, that is
> why TLM elected to have IVAN do the work and allow a
> back in option. Water is becoming an issue in the sands,
> need to get permits for the 'other' type of gold, water.
>
> There is good reason IVAN borrowed an extra 40% as
> costs running away. . . .


I am long in at $2.76 looking to get +$4 on favorable buzzzz

Posted by Trailer Trash on June 19, 2008, 2:29 pm
Cite on the water, BH?


Posted by BuffettHater@gmail.com on June 19, 2008, 2:39 pm
Have played ivan or ie.to for 2 years, buy at ~$2. sell at $3
when it broke on huge vol to $4 i had to step up, i have fairly
deep pockets and intend to live forever.

One of us has to be right. I am surprised at the strength for
this micro with oil tanking???? Only thing that bothers me is
the small lot sizes in sale, 54 items to get 25K shares unloaded?

Wonder, was it to other shorts covering from $2 ????

Good luck dirt.


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