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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (41900)	11/16/2001 2:33:01 PM
From: AlienTech	Read Replies (1) \| Respond to of 43080

Re: Wha the hell's going on?? by: leo_vanni 11/16/01 02:31 pm Msg: 157428 of 157428 I said Goldman are selling, not buying, at 4.20. Placing a 6 m block. My broker called me and told me Goldman's traders are calling institutions to offer stock. They are not revealing who the seller is, that was my speculation. I like the stock, and believe it's worth around 10 (it has 3.5 $ / share worth of tax losses carryforwards + 60 cents / share in cash) plus the value of the business and the pattern, which is clearly working. However, if it's G.A.P. selling, they have some 20 m shares in total and have clearly decided it's time for them to get out (they are a venture capital fund). They have just sold their stake in PCLN Europe to PCLN US.