RE:RE:RE:RE:RE:RE:Hmmmm, I am getting an itchy finger. Yup, For sure.
If they are selling, Their there numbers are baked into here,..
| % Shares Owned: | 66.93% |
| # of Holders: | 62 |
| Total Shares Held: | 53,710,558 |
| 3 Mo. Net Change: | 1,242,252 |
| # New Positions: | 1 |
| # Closed Positions: | 1 |
| # Increased Positions: | 16 |
| # Reduced Positions: | 4 |
| # Net Buyers: | 12 |
Cheers.
PorscheMan wrote: they had 1.7 million shares in a dividend fund as of Jun 30, and that was after selling 950k shares in the quarter. If they are selling, there will be pressure for a little while. Cost basis seems to be in the 15 area.
I'm thinking they picked it up, expecting the div to come back, and now that it hasn't they need to get rid of the share as it's dragging down their dividend yield.
canader wrote: They bought millions of shares when the stock tanked last year around the $5 days.
They sold a bunch during the Buffet run up. At that point they were up close to ~300% on their initial investment. It was a no brainer to lock in some of those profits.
The short data is out in a few days, We wll see.
PorscheMan wrote: IDK, might be worth waiting a day or two, the more i think about it. decent volume and large sell off makes me think a larger holder might be selling. CIBC was a seller in the q ended Jun 30. The hold a bunch of shares in a dividend fund. I wonder if they are maybe getting rid of the rest now.
canader wrote: You are right,
It is a gift. I am just playing around with timing, but I will be taking on more shares.
Cheers
PorscheMan wrote: The market is giving you a gift, back up the truck!! Or, to put it another way, how big does your margin of safety vis a vis book value need to be?
canader wrote: Should I buy now, or should I wait a little longer,...
If I buy now, it might go down a little more,
If I buy later, I might miss the boat.
Hmmm,
What to do,
Itchy finger...