Tuesday, September 09, 2014 10:52:24 AM
My role is to provide investors with reality. First and foremost, VRNG has been beaten up pretty bad after its CAFC loss and many out there are desperate for a reason to believe good things are coming in the immediate future.
Active managers with the kind of pedigree Blackrock represents don't load up on low value equities (priced under $1, often called penny stocks by many) and they don't load up on risky IP plays who are facing a longshot en banc request/denial.
Also, index funds don't rebalance as frequently as you suggest, and they are not required to sell shares. That's misinformation.
Again, my intent is to be keeping it real for all investors who need a dose of such reality. Expecting "something to happen with this company in a positive manner" based on 13G filings from Blackrock is what I like to call connecting dots that do not exist in the real world.
Time, as always, will tell.
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