RE:RE:We should not criticize I can see your point but the guy said he still owns 960K shares so I would not call that an exit,more like trimming.
davewho wrote: sorry I disagree. Exiting a position and flooding the market are 2 different things. A large dump of shares is usually something management dislikes and tries to avoid. DD did us all a very BIG favor last year in May buying up that 3m share lot and keeping them off the market. If you have a large holding to sell you contact management FIRST and they try to line up a buyer. Like Colin or the PP investors? The seller gets a better price and the company and other shareholders are protected. Large scale selling on the open market attracts the wrong type of people. Someone should ask DD on the next CC what company policy is on the subject. I'm sure he is quite aware what has occured and the result. I've even seen some companies actually put out a NR about a large position sale. I will be watching with interest what the next couple short reports look like.