Replies to post #54785 on Savvy Trades and Investments

[Knowledge is King]

re LPI($6.09): Warburg Pincus sold 26.5 million shares @$7.42-8.08 in September...and still owns 50M+


...any worries?

[value1008]

LPI - my bid at 6.08 wouldn't fill even though a number of trades (ostensibly buys) at 6.08 were happening. I did buy 2k shares on the ask at 6.10. I pulled the 6.08 bid down to 6.03.

This could fall further if Warburg Pincus is going to be completely selling/liquidating its HUGE holdings, as i discussed the other day when you spoke about LPI here.

What i like is that the CEO has been VERY SUCCESSFUL in selling his prior four or five cos.