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Strategies & Market Trends : Can you beat 50% per month?
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To: Smiling Bob who wrote (13923)5/13/2008 11:22:07 AM
From: Smiling Bob  Read Replies (1) of 19257
 
SHLD - eddie trading one loser for another
Eddie and many other hedge fund managers are no different than most of us.
Except when we get lucky and hit big, news and profits stay pretty close.
When a hedge fund mgr happens to hit on something, then lots of people know about it and the profits are so much much more headline grabbing due to the stake of OPM.
So for awhile, they are suddenly a god.
Just for awhile.
---

Edward Lampert Boosts AutoNation Stake To 38.7%
Tuesday 05/13/2008 7:17 AM ET - Dow Jones News

Related Companies
Symbol Last %Chg
AN 16.54 -0.78%
SHLD 93.58 -1.17%

As of 11:15 AM ET 5/13/08
DOW JONES NEWSWIRES

Billionaire investor Edward Lampert said he has raised his stake in AutoNation Inc. (AN) to 38.7%, bringing his holdings in the car retailer to about 69.13 million shares.
In open market purchases from April 28 to May 9, Lampert, chairman of Sears Holding Corp. (SHLD), bought about 1.82 million AutoNation shares for about $29.2 million, according to a filing with the Securities and Exchange Commission.
Shares of AutoNation closed Monday at $16.67 each.
-Brian Coyle, Dow Jones Newswires; 202-862-3545

(END) Dow Jones Newswires
05-13-08 0717ET
Copyright (c) 2008 Dow Jones & Company,
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