NYSE:IVAN.WS - Post by User
Post by
skee-daddyon Jul 02, 2012 8:54am
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Post# 20074448
IVAN Mgmt says SP drop not because of news
IVAN Mgmt says SP drop not because of newshttps://www.ivanhoeenergy.com/index.php?page=news_releases&op=view&id=175
My guess is that a fund got fed up waiting for news and dumped their whole position at the quarter-end. Seems it was just RBC doing the selling, so I think it's fair to speculate it was really just one big seller. With the broader market way up on Friday, it was a good day to do it probably with a neglible impact on their NAV. I'm sure we can figure out which fund did the selling when a 13-G gets issued.