Posted on 09/28/2005 9:25:15 PM PDT by metneal
Check out Richard Blum's inside action at Northwest. Unbelievable. This guy shorted Northwest into the ground
RICHARD BLUM Declared Holdings
Relationship/Company Reported Shares Value
Director Northwest Airlines Corp Cl A Roster, Transactions 12/01/2003 216423 as of: 12/01/2003 as of: 09/27/2005 $2,835,141.29 $136,346.48 12/01/2003 *26304 as of: 12/01/2003 as of: 09/27/2005 $344,582.40 $16,571.52
12/01/2003 7,850 NWACQ Stock Gift value of $102,835.00
10/22/2003 56,104 NWACQ Stock Gift value of $777,601.43
10/20/2003 1,786 NWACQ Stock Gift value of $25,182.59
10/17/2003 31,786 NWACQ Stock Gift value of $440,553.96
09/16/2003 2,325 NWACQ Stock Gift value of $25,342.50
07/14/2003 22,222 NWACQ Stock Gift value of $245,997.54
01/23/2003 40,625 NWACQ Stock Gift value of $287,625.00
01/23/2003 40,600 NWACQ Open Market Purchase Cost $285,517.50
11/15/2002 215,000 NWACQ Open Market Purchase Cost $1,690,910.50
11/13/2002 214,878 NWACQ Stock Gift value of $1,663,155.71
02/27/2002 180,643 NWACQ Open Market Sale proceeds of $2,890,288.00
12/21/2001 572,153 NWACQ Open Market Sale proceeds of $9,778,703.13
06/27/2001 750,000 NWACQ Open Market Sale proceeds of $17,332,096.50
08/12/1998 275,000 NWACQ Open Market Purchase Cost $8,772,183.00
09/29/1997 163 NWACQ Open Market Purchase Cost $6,871.24
09/29/1997 658,755 NWACQ Open Market Sale proceeds of $27,667,710.00
09/29/1997 1,781 NWACQ Open Market Sale proceeds of $74,824.50
09/29/1997 65,875 NWACQ Open Market Sale proceeds of $2,766,750.00
What makes you think that he shorted the stock? He might just have been unloading a long position he had in the stock.
What did he know and when did he know it?
..............Shorting against holdings is the same as selling the stock.......it makes no difference........you have in essense taken a non-position.
bad choice of words good catch
this guy screwed northwest - thats better
ummmmmm, looks juicy.....
yeah....I wonder how many Chinese votes he has bought in CA for his communist wife? He's got some serious coin. I wonder if he ever had some donations to his bank account to purchase the stock options? I'm sure someone married to Feinstein is of sound ethics....
HMMMMMM.
You're new here. You're also wrong. You're confusing stock purchases and sales with "Shorting."
...and saying that you are "confused" is being kind. Take the hint.
Don't get me wrong, we love to hear bad things about Democrats...but the catch is that we only want to hear them when they are true.
Hi, nice to meet you too. I trade futures and understand short and long quite well. I applying a Paradox to the title.
Paradox??
Do you mean "hyperbole?"
So what was the ticker symbol for your best futures trade?
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