Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: OldDeckHand
So, why sell it? If it's no big deal, why not keep the stock, like change in your pockets?

Spooky Dude was concerned about appearances.

29 posted on 11/18/2010 8:00:37 AM PST by Mamzelle (donate to O'Donnell--even a dollar is plenty! She has paypal!)
[ Post Reply | Private Reply | To 14 | View Replies ]


To: Mamzelle
"So, why sell it? If it's no big deal, why not keep the stock, like change in your pockets?"

Again, he's worth over $14B. People with this kind of mega-wealth aren't concerned about a holding with an entry value of less than $200K. They have money-managers that buy and sell tens-of-thousands of shares each day, mostly using computerized pre-determined metrics. Soros wasn't a top-5 holder, in fact, he owned so little of the stock, it wasn't even SEC reportable by OSIS.

Normal people, like probably you and me, see "11,000 share", and think to ourselves - "OMG, that is a HUGE holding, he must have thought about selling that for months". He didn't. I'd bet a week's pay, he didn't even know he owned it, let alone was aware that he sold it.

Lastly, the stock has just come off its 52-week high, where it enjoyed a 200% increase. This is EXACTLY the kind of time a predetermined metric would execute, causing the stock to be sold.

Not everything is a "secret cabal".

30 posted on 11/18/2010 8:09:08 AM PST by OldDeckHand
[ Post Reply | Private Reply | To 29 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson