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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey S. Mitchell who wrote (112671)3/30/2011 11:49:24 AM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 122087
 
The only scenario that makes sense to me is that the whistleblower at Lennar, unbeknownst to Minkow, was being compensated by Marsch to dig up dirt, and therefore his info was suspect. Minkow probably should have known this but because he was making a bundle shorting Lennar he turned a blind eye. Marsch, who had lots of Lennar stock, didn't count on Minkow being so effective a basher. Marsch just wanted to squeeze money out of Lennar, not kill the stock price, which is why he tried to buy off Minkow. Minkow apparently was making so much shorting Lennar that he declined. In other words, everyone was playing everyone else for money.

- Jeff