Institutional Buying and Selling on 11/10 Accounts for 330,566 shares
Filed Fullname Shares Activity Shares Pct. Change 11/10/09 Ubs Ag 705 Sold Some -17,219 -96.06% 11/10/09 Ubs Ag 705 Added More 173 32.51% 11/10/09 Ubs Ag 32 Sold Some -17,892 -99.82% 11/10/09 Ubs Ag 32 Sold Some -500 -93.98% 11/10/09 Tesseract Capital Llc Sold All -3,400 -100% 11/10/09 Kellogg Group Llc Institution Sold All -12,500 -100% 11/10/09 J P Morgan Chase And Co Sold All -136,126 -100% 11/10/09 Credit Suisse First Boston Sold All -103,305 -100% 11/10/09 Citigroup Inc Institution Sold Some -39,797 -68.26% 330,566
All institutions and mutual funds adjust their portfolios at the end of the month. This is nothing unusual. Some institutions and mutual funds have well over a 100% turn over each year. Only a few have less than 60% turn over rate. The only reason AGM didn't pop this qtr was AGM didn't meet or beat last qtr. That's a big negative no matter what they did last year in the 3rd qtr.
Nice post I knew the institutionals were selling and I knew Chase bailed out but it's not all bad. This stock has nothing but upside. It still may get down into the $6.75 range but if one looks back from 1995 when it was $1.66 through the present there are plenty of chances to make money and plenty of chances to loose our butt. Think of when this was $47+ per share and 6 months later it was in the $20's. In July of 2005 it was $16 and in Dec of 2005 it was $31. My gut says we'll see more of the same in the next year or so.