RE:RE:RE:RE:RE:Huge Block Trade At The Closesubliminal23 wrote: I agree, it appear that it is fidelity exiting. They were previously dumping share while Leto and Brandes have been adding. If it was fidelity, I would suspect they have completely exited their position at this point. They are likely rebalancing their portfolio and taking advantage of the loss to offset some other game. Least time they reported they only had 2.6 million shares. These blocks have been huge. If that is the case letko and brandes own 30% of the stock. It will make it incredibly difficult to go private on the cheap.
Yet another 250K block market on close order at the low and back down we go. Whoever is exiting isn't finished and is exiting seemingly at any price. That makes 4 days in a row now with big market on close orders. I don't think Leto or Brandes are adding as they would have to report any additional purchases. I suspect this will be yet another brutal report for the 4th quarter along with a not so good outlook.