No Carl, I will not be part of that class action, two reasons, the first, I don't blame management for the stock crazy ascent nor its current demise. The most important reason is that I am not entitled to be a member of the class, since I did not lose a penny (au contraire) and I cannot bring just those positions in which I had losses without showing the positions where I had gains. By the way, I have been an "unwilling" member of a number of these suits, since once they determine the lead law firm (they typically consolidate these into one suit and the layers fight to be the lead lawyers, and those that were not selected submit their legal bills, that is why you always see a rush of lawsuits like that, once one ambulance chaser decides to go after a company), they contact all those that bought or sold during that period through your broker. If you do not take a specific action to be excluded from the class action suit, you become part of it. Payback experience? Peanuts, rarely more than few pennies on the dollar lost. I am sure I will become soon a member of the class action suit that will be trashing AREM soon. Now, that is a case that will go into the books.
Zeev |
