<<If anyone finds out which fund is liquidating APSG, please post the info here, as whoever runs that fund doesn't seem to have much savvy, judging by the way they are selling their position. Instead of selling a few thousand shares at a time, they are hitting the market with blocks each day and scaring everyone else out of the stock, dropping the price further, thus netting themselves less for the remainder of their shares.
This would certainly not be a fund I'd want to own.
I don't own APSG, so I have no axe to grind. In fact, their action might help me get some shares at a decent cost if the stock can hold up and bounce.
Of course, there is always the chance that the fund story is untrue, and the stock is falling because someone knows something, hopefully that is not the case.>>
I don't agree. Once this fund wants out, they place the order with an firm that handles institutional trade orders, and it is that firm that does the selling. It is the duty of that institutional firm to liquidate the position. They do not get paid more for selling the stock at a better price. It is pretty obvious that this fund wants out, plain and simple. I have seen this many times, and have profited on this many times. Recent examples are NRVH MODT and GX. I don't think this has any bearing on the fundy's of APSG, but it sure has done some damage to that chart. |
