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Finish Line Inc. Message Board

  • munda51 munda51 Aug 21, 2008 2:24 AM Flag

    Here comes Finishline Slide

    Insiders have started selling at peak. With possibly negative surprises coming I expect FINL to drop down to around $5 or so. Hedge funds took position in the stock around $2 in March 2008. The are probably dumping right now along with other insiders/executives. Recent 5 million share buyback (around stock's peak this year) may help selling by hedge funds.

    Is it a signal of imminent FINL slide? What do others think?

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    • How short are you?

      Have you been watching the Olympics? Usain is insane and he crossed FINL in world record time (check out the prediction) of 19.30 flat! Michael Johnson lost the title after 24 years, but I may make him my VP nomination for 2012.

      Jr got gold (Acapulco), too, but his Prius is slower than Bolt.

      A hanging chad has no dimples.
      A vow of poverty funds a campaign.

      Carbon Credits - The other investment

      • 1 Reply to algore_rythm
      • I am not short in FINL. But I am amazed by the news that the company with stock gone up five times ($2 to $10) and company has decided to buyback 5 million shares.

        Why are insiders selling if management is using shareholders' money to buyback?

        Soon we will know if institutions have also lightened their positions in FINL. I think selling has already started.

        I would be careful not buing FINL when others are getting out. I would rather wait for next quarters numbers before making any decision.

        I would appreciate serious and thoughtful comments no matter if you agree with me or not. Thanks.

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