More on LTCW.
The two founders of LTCW, Nicolas Molina and Brett Beveridge, filed a Form 4 with the SEC last Thursday, July 9, 1998, in which they disclosed direct sales of the stock. It's pretty obvious that they confided in each other when you look at the dates of the sales, the number of shares sold, and the price of the trades.
June 11: Both sold 2,000 shares at 17 5/8
June 15: Both sold 1,000 shares at 16
June 16: Both sold 7,500 shares at 15
June 17: Both sold 2,500 shares at 15
June 18: Beveridge sold 74,000 shares at 14 7/16
June 18: Molina sold 5,000 shares at 14 7/16
June 19: Beveridge sold 0 shares
June 19: Molina sold 69,000 shares at 14 3/8
In total, each of them sold 87,000 shares and now hold 842,965 shares.
I'm sure that the ambulance chasing lawyers are going to pounce on this soon although it doesn't change my opinion on the stock since it has already fallen to $5. |
