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Re: marzan post# 238701

Wednesday, 08/07/2019 12:54:28 AM

Wednesday, August 07, 2019 12:54:28 AM

Post# of 704154
There are multiple problems with that post.

First, there is no way to verify that Woodford has sold any nwbo.

For arguments sake, let's say that he started selling nwbo on the day his fund cut off redemptions, 6/3/19. Further assume that he sticks to standard institutional practice of being no more than 10% of daily volume.

Since 6/3, nwbo has traded about 42m shares (rough approx). That would mean that Woodford could have sold about 4.2m. Since he started with 24.8m overall, by reasonable analysis he would be less than 20% done if he is selling the entire position. If you limit the selling to the 18m or so in Equity Income, still less than 25% done.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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