Yesterday, I stated that 2 firms that I knew of had margin calls on CCSI, that was a mistake. It was 4 firms. I totalled 52,200 shares, most of which was executed between $11 5/8 and $11. One account, the largest seller had a concentrated position, and was liquidated at the market not held. i was shown various pieces of it, and did in fact buy some of it. If the stock remained weak today, you would have seen more.
It is my belief that Darby spoke to at least a dozen owners, in a kind of hand holding gesture, to assure them the ship was not sinking, just listing at the time being.
You see my first clue to something is when a trader or traders that I have done business with for over 10 years comes to me and say they have stock for sale, due to a margin call, and where would I be interested. They are telling me the truth, because when a call like that comes, you normally want to get the hell out of the way. I gave an order at $10 7/8, and was offered more than I wanted to buy, so I simply bought 1000 shares at that number, went $10 3/4 bid, and that was where it stopped.
I am sorry that I could not answer you sooner, because you really are the most important person in my life right now, but I have not been able to get on SI for the last 2 days for some reason. |
