This is the best development since I began accumulating this stock - Goldman Sachs doesn't take positions like this (ones that require SEC filings) to make 50 cents a share. More important, I think this means curtains for Alain - Goldman will proxy his butt right out of his job. Goldman is not home to idiots - they see the same management nonsense we do, only Goldman has the market clout to do something about it.
THIS IS GREAT NEWS FOR ANYONE LONG OCLR.
I just looked at the Oclaro investor relations SEC reports with the filing today about the Goldman ownership. I doubt that Goldman is buying for a 60 day trade especially with this large of a percentage. Maybe tomorrow the shorts will make some money for Goldman with they start closing out their positions.
So what? KOPP owned a whopping 8-10% of a sinking ship. Goldman, if they owned any, got them dirt cheap and will sell them .50cents higher. Does that help anyone here? Probably only short timers. Alain has got his face in a dung heap. Rather he's eating out of silverware bought by share holders.