Carl,,, I guess I was'nt too clear,,,,The situation that I am refering to is one of my junior stocks, which traded as high as $17 a year ago,,,at which time they issued 5 million more shares,,which were snapped up,,,it is now trading between a $1.25,,and $2.00,,,a few large blocks have been crossed in this lower range,,,so large that I find it hard to believe these were individual holdings,,,my guess is these blocks were bought on the stock offering at $17 by funds ,,now rather than hold them they are choosing to take the loss for tax reasons,,,none the less the losses are large,,,and it indicates to me,
that funds like many individuals , buy at the top, and sell at the bottom....leads me to believe that the funds are all great in a bull market,,but trade like amateurs...eg; can't take a small loss,,which I think is one of the the secrets of sucess in this game...
In this new age,,the funds are the little guys...At least little guys dough...
rrman |
