Jack, Neil is away, and will be back Sunday night, I believe.
I felt that once I knew from Robert Lutts the circumstances of the sales (I gave them in my recent posting #737) and that at the same time he was selling PRST for those over-balanced clients who requested it, he was still BUYING it for new clients, (and has been a net buyer), that your implication (of dishonest profiteering) had been addressed.
Maybe Robert Lutts would tell you the exact number of shares he sold (and bought, if you think that matters) in his clients’ portfolios. Is that sort of information in the public domain? The number of Cabot Money Management is 800-888-6468. Good luck.
Jack, do you feel that the situation as I have described it (from Robert Lutts) is suggestive of corruption as opposed to responsible portfolio balancing; or is it that you simply don’t believe that those are the facts?
I read the postings about the new suit. It seems like a waste of the plaintiffs’ money to me, but what do I know. NASDAQ was down, but PRST was up today, so it isn’t being taken like a bombshell.
P.S. Well, I just learned that Jason wrote you an irritated rude reply. His father and I have tried so hard to raise him to be a gentleman, like the exemplary Richard Hubbell and Tom Engelsma.
Jason’s Mother |
