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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Bob who wrote (25375)	5/5/2000 11:46:00 AM
From: Rande Is	Respond to of 57584

CDNW. . .He only bought 50k shares in the past 2 months. . . meaning he is well. . .sort of. . averaging down. The guy has over 3 million shares. . . which he evidently bought last year when the stock was closer to $20. My question is this. . . .if he is a billionaire, then why even bother making a 50k buy over past 2 months. . . that is only 1.66% of his total holdings, so it hardly is an attempt to average down. . . Perhaps he just wanted the certificates for rolling cigars for a party. . . where he will disclose how much money he lost on that buy and hold strategy. . . ouch! . . . a loss of 75%. . .or about 40 million dollars. . . and those are not pesos. Rande Is