Pru,
You are preaching to the choir. I don't know whether they were buying for themselves or clients, but either way, it looks poor. If they were buying for clients, then they obviously don't have their clients listening to them, and if they are buying (or covering, perhaps) for themselves, then that is worse.
And I would also say, that if they thought it was going higher, their timing would have been a little bit different. Like say a week ago. To make their opinion public after the stock dropped a full 35% in 2 weeks is not being informational, it is piling on.
I am not slamming Prudential; it is not entirely their fault. I stated that clearly. But if your intent is to debate the points you pasted, quality houses like Goldman or Morgan would be a little more subtle about it. You wouldn't see them pile on, or buy heavily the day they pan something.
OT, you convinced me to buy some ISLD, so I do owe you on that one. Long at 107 <gulp>. Not worried, though.
G |
