I am alone on my island. The last three posts have been written by me. Either I am in deep S??t or I am talking to myself or both.
Is it possible that one of the former 13G holders has been dumping this last week for reasons other than the Company. If we look at a weekly chart of RDRT it has been hit hard in the last week primarily:
iqc.com
Down from near $17 to $13 last week and down this week so far another 50 cents.
S & W Seligman dumped from 2/12/98 to 3/18/98 4,588,700 shares. Could it be that they dumped again this year when positive earnings news did not light fires on this stock's price?
sec.gov
sec.gov
Something like that, if their reasons were for something other than any problems at RDRT, would explain this type of drop.
Pioneer Management did a reduction in 1998 from 1/30/98 to 9/2/98 dropping from 4,445,000 to 2,195,000 shares.
sec.gov
sec.gov
Since the Company is not dead, and it seems to have a history of 13G filers dumping its stock, is it possible that that is what is killing us (me) now? RDRT beats the numbers by miles and gets hammered. Either someone has other problems and is selling RDRT to handle them (which is what I did to my RDC and IRIDF to buy more RDRT today) or they know something that is bothering them. What is it?
Anyone got any information that could support this theory or explain their concerns?
Later, 0-* Dennis 8-(? |
