You are a LIAR. Either that or you can't read worth a crap.
I tried to get a link to this story at the Globe's web site, but the article is not online. Therefore, for the benefit of those SI threaders who deserve the truth and not the disinformation that you are spreading, here are the passages of the article that are relevant to what fund managers may or may not be doing and what they are saying about it. I would retype the whole article but it is too long. The article was titled "CIBC fund dumped Newbridge before stock tanked"
-"Most Canadian fund managers who have recently reported sizable holdings in Kanata, Ont.-based Newbridge couldn't be reached yesterday. Officials at McLean Budden Ltd. of Toronto refused to talk about the company. The money manager doesn't comment on its holdings, an official said."
-"'I guess we're going to stick with it,' said Peter Marshall, whose Halifax-based $2-billion Seamark Asset Management Ltd. runs the $33-million Clarington Canadian Equity fund. The fund had 3.5 per cent of tis assets in Newbridge at the end of December.
'They still have a company and a very good one,' Mr. Marshall said."
-"...Nancy Bendig, a senior portfolio manager with Value Line Inc. in New York. She runs the $90-million Hyperion Value Line Fund for Montreal-based Talvest Fund Management Inc., which had 3.6 per cent of its assets in Newbridge in September.
The fund has not sold its shares, Ms. Bendig said, but it [may] have to because of Value Line's trading system, which takes the market action of a stock into account." |
