Randi,
I wouldn't call myself an "experienced trader" but I will give you my opinion on your situation...
The Grand Cayman Holder is likely someone trying to avoid the tax liability involved with heavy trading in the USA, and is likely a US resident. The German account could be anything. Neither of these should have that much of an impact with your decision. I think you would be surprised at the number of people with offshore accounts.
As far as the holding by mutuals, imo, this is a good thing. I don't think a fund director is going to buy into ANY stock without complete DD and a reason to do so. True, when a fund sells in mass, there is a possibility that will drive the price down. But, most of the funds that I have been involved with have not held a stock that is so volatile that a rapid "dump" would be necessary.
Again, this is just my opinion, and I am no expert by a long shot. But I think if your DD checks out for you, you just may be onto a good thing.
:-)
Binder |
