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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (30472)3/30/2008 9:56:24 AM
From: Madharry   of 78719
 
ayr: might be worth doing a post mortem on this one. I didnt follow it closely however, it seems that when a major holder divests from a company on the way down rather than the way it might be a warning sign. With 20/20 hindsight my technical analysis would have triggered a sell in the mid 30s, perhaps a very weak buy in the 20s followed quickly by a solid sell in the 20s and no subsequent buys. The PR release announcing slashing of the dividend in order to deploy the capital doesnt seem very honest to me. Makes me suspicious as to whether this is yet another case of a big shareholder aware of undisclosed looming problems and getting out of the way before the retail investors find out. These are the kinds of morality concerns I have. immoral and illegal to boot. I expect it will be days rather than weeks before the first class action suit is filed.
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