About the 3 Trades For 5 Million Shares - I can explain
The guy said he mentioned he called ScottTrade and ScottTrade told him the 5 million share trades were marked as Stock Swaps. This is simple.
- If they were stock swaps this can only be one of Two Things:
1. Stock swap happens when people exercise an OPTION Contract, instead of paying cash at the exercise of the OPTION, shares which are in HOLD are used to make the purchase.
2. Stock swap can be used to sell stocks that have declined in value while AVOIDING capital gains.
- An investor sells stocks at a loss, RECORD the Loss and use the LOSS to offset other CAPITAL gains on other stocks that you have.
Again, either way this is not a very important event on the outcome of Herbalife. I think that there are 4 or 5 Institutions that owned at least 5 million shares
ALSO - This is a 5 million share trade, JUST UNDER the 5% ownership limit for filing a Sched13 I think it is. So whoever bought and sold it kept the shares below SCHED13 reporting limits.
some fund manager was manipulating the stock and selling 100 blocks to cause a panic sell yesterday as they purchased 5 million shares for an Icahn type investor. At the end of the day they swapped them over to whomever wanted to get in. Guys like Icahn do this when they don't want anyone to know who was buying. That is why you saw the swap at eod... jmho
Wrong. These trades were executed by HLF management. Oldest trick in the book. The Grifter CEO is trying to buy up in AH to prevent a run up, so he can purchase their common stock cheaper as well as retiring shares to shrink the shares that are float. The company is trying to create a short-squeeze. Enough Said.