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FlyFishingStocks

05/15/23 4:35 PM

#409014 RE: hayward #409006

Ask T. He posted the example. If was for illustration of what these companies do.

I have a mathematical question for you:

The stock since Denner acquired (4.56 basis) has plummeted -75% to a low of 1.15 last Friday. How can he lower his basis to 2.39 without shorting?

Hint: you can "borrow shares" from a brokerage to short sell thus not affecting your position. No way he could have cut his basis in half without shorting because the stock - with the exception of the short term spikes to falling resistance - spent the majority of the time (since his ownership began) descending to the bottom. In other words, the profit was on the short-selling side.

Tatsumaki

05/15/23 5:42 PM

#409024 RE: hayward #409006

It's a change of 1% of company ownership that triggers reporting. Not 1% of your holdings. Amarin has a little over 400 million shares open. So that gives the 4 millions shares to add or sell before reporting is required if over 5% ownership.