Ackman's FNMA purchase average was 2.29 per share, including fees. The value of those shares went up to over 6.00 giving him $428.8 million in unrealized gains.
Please give me an idea how he could have or would have repositioned his FNMA average of 2.29 to accumulate more shares by crashing the value of his total investment by sinking the price?
Please include the fact that he had four different accounts with shares spanning a gamut of about 28 trades with a few thousand to 4 million shares priced 1.54 to 2.94.
What would be a reasonable plan to accumulate shares by orchestrating a tanking versus simply selling and buying more as the prices rose as he stated in his SC 13D?
I do not know what he did or if he did anything at all. I would like to know but not speculatively.
I held without 2nd thoughts given my investment strategy and needs.
The drop was insignificant and recovery inevitable by all the available indicators
Jittery retail had an impact. Consider all those retail and other traders/investors stranded in the upper price levels of 4.50 and higher after May 29th. Also all those new to this trade and the old hands with bad memories. All were finally making gains. What do you think the impact on them was to see a stimulated drop in price?
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