RE: What is Loewen's Track Record?They have been buying STG for several months now and accumulate every day. I suspect that a trader from Dominick (D&D) went to Loewen and brought clients with him/her. Loewen is a very reputable brokerage with an excellent track record.
There has been many large trades from Anonymous over to Loewen. My take is that Anonymous has been D&D selling and Loewen buying. Hopefully I am wrong.
No one else, in my opinion, could have held the amount of shares that Anonymous has sold in the past 4 months other than D&D. Remember they were the trader for the last P.O. and they kept accumulating at the same time. In the past 4 months, they stopped accumulating after holding, in my estimate, within their institutional clients, over 30% of the outstanding stock. Anonymous has sold approximately the same, give or take 15%. I haven't the resources to calculate it.
All of a sudden, D&D stopped buying, Anonymous sold, and Loewen bought. At first, I attributed it to Massimo Fiore taking clients to Loewen but he has also since (2007) moved on from Loewen to another large brokerage. (Versant Partners)
I personally would like to think that D&D presently holds, with their clients, close to 50% of the company's outstanding stock and Loewen another 40%. That would make me feel warm and fuzzy. However, with D&D no longer in the picture as far as accumulating and Anonymous selling, my suspicion is that it is strictly a transfer of clients and shares. That is my take.
Regardless, if a brokerage firm with an excellent reputation is advising to buy STG and my own DD advises the same, I will remain at least for the next 8 months. After all, I will have remained long for a total of 9 years at that point. That is long!
Stupid? Maybe. If not, it will be my Shangri La. I will admit to it, either way in 8 months. I am only human and make many mistakes.