Tom, re:<<They don't have those morning meetings for coffee and doughnuts, it is to plan what percent of what holdings do they sell.>>
Do the following guys really get together in order to and plans their exits/entries? The following are the shareholdings of QCOM by top 10 institutions representing 18 billion dollars or a little less than 20% of Q's present market cap. (definately enough to manipulate or straddle so they know where the share price will be later in the day like they did a couple of weeks ago). I'm assuming Putnam was the principle underwriter.
biz.yahoo.com
PUTNAM INVESTMENT MANAGEMENT, INC.
9,674,140 ------ $4,249,365,995
AMERICAN CENTURY INVESTMENT MANAGEMENT INC.
5,829,300 ------ $2,560,520,025
BARCLAYS BANK PLC
4,008,327 ------ $1,760,657,635
GOLDMAN, SACHS GROUP INC
3,737,196 ------ $1,641,563,343
OPPENHEIMERFUNDS, INC.
2,967,650 ------ $1,303,540,262
FMR CORPORATION (FIDELITY MANAGEMENT & RESEARCH CORP)
2,781,575 ------ $1,221,806,819
TAUNUS CORPORATION UND
2,722,418 ------ $1,195,822,106
PRIVATE CAPITAL MANAGEMENT, INC.
2,655,673 ------ $1,166,504,365
STATE STREET CORPORATION
2,644,090 ------ $1,161,416,532
MORGAN STANLEY DEAN WITTER & COMPANY
2,598,976 ------ $1,141,600,208
They basically create the buying/selling mood in order to get the retail investors to do what they want (sending the stock lower or higher) so they can buy cheaper and sell higher...thus manipulating the stock price. Correct? Sounds pretty simple to me and profitable. Wow...sign me up. Something doesn't sound too legal about this.
Z |
