SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : RAMTRONIAN's Cache Inn

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: NightOwl4/11/2007 12:31:43 PM
  Read Replies (1) of 14464
 
"New" hedge fund, Bjurman Barry & Assocs, sold out their entire 435K+ shares before 3/31.

Considering the share price range since they obtained their former QI shares and the price of those shares I'd have to assume they sold at least the same volume short before year end 2006. Maybe more and quite likely in the 4.90-3.50 range.

There are at least three other funds and CEUT itself who probably did the same thing. CEUT and the other brokers who executed the trades obviously had no intention of covering those sales until Mom & Pop were scared out of enough shares to handle the traffic. Thus the profit on the short trades was guaranteed for the unregulated funds/brokers and we of course got the market stifling run on the RegSHO stage.

0|0
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext