SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RockiReid who wrote (28139)4/8/1999 8:12:00 PM
From: ACS_101  Read Replies (2) of 122087
 
Now if Meyerson's profit of $1.9Mil in the last quarter (ended January 31, 1999) was so significant, why did he sell so much stock?

Either:
1) he didn't the firm was profitble for the quarter (hmmm.....)
2) or he knew the results were basically due to non-recurring trading profits. (Hint: Look up the company's historical P/L record.)

From Martin Meyerson's SC 13D/A Feb 25, 1999

"Hey guys, where do we keep those dang 144 forms, gonna need some again!"

Date of Sale Shares Sold Price per Share
------------ ----------- ---------------
2/4/99 100,000 $15.98125
2/5/99 100,000 $ 8.98721
2/11/99 3,000 $ 7.28125

Closed 4/8/99 at $8.00.

"Buy some, we'll make more!..."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext