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Re: uptrend01 post# 2918

Tuesday, 02/01/2011 4:47:06 PM

Tuesday, February 01, 2011 4:47:06 PM

Post# of 6284
Thank you for the link! Powerful reading.

The part about Mr. Rayat's plan to sell 2,300,000 shares is very reminescent of a situation I had with a small local bank. It was thinly trading at about $23 when a founder and large owner (like Mr. Rayat) submitted a plan to sell. The bank's investor relations manager assured me it would not significantly alter the price so I held on. I still have large holdings but unfortunately it is now trading at $3.60.

Fool me once, shame on you. Fool me twice, shame on me!

Also of note is that cash is runnign low. Over $2 million is now down to a little over $500,000.

Volume:
Day Range:
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Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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