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Sunday, September 19, 2010 9:44:43 AM
All you can do is read the recent thread history and decide for yourself. The majority of traders in the FLD group are smart and experienced. Someone got scared and sold all their shares yesterday but it was not a major amount. While it did kill the day's momo a bit, those shares were quickly absorbed.
The larger shareholders are confident and steady. They are not flipping for beer money. Waiting for a specific price then unloading all shares at once is a poor strategy for anyone that believes in the future of this company. Like me, they are probably setting a staggered series of GTC limit orders with the last tiers asking for ridiculously high prices. I have tried to be a team player by disclosing general intent and strategy, but I will not announce what those specific limit prices are. Besides, they will probably change depending on the content of the 10-K, Again, one can get a pretty good idea by reading and analyzing the thoughts on this board.
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