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Dixon Ticonderoga Company (DXT) Message Board

  • jamotide jamotide Jun 12, 2003 10:40 AM Flag

    Wow! What a plunge!


    Is this what you call "fishing for stop losses".

    Damn, AMEX is a scam!

    This topic is deleted.
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    • Could be a fund manager trying to unload a "mistake." Yeah, it comes up on computer models as a good buy - because of book value and other fundamentals. But, if no takeover to occur, it could be dead money.

      On the other hand, it could be a takeover artist trying to demonstrate that that his interest is not ONE DIMENSIONAL. That is, buy a lot and sell off substantial to drive the price down. Then, those who want to "kiss their money HELLO" will sell on the next rally - thinking that is all they are going to get. So, maybe fishing for STOP LOSSES, especially if the buyer could be a takeover artist.

      But, remember, if 5% of a stock is purchased, it must be disclosed. No disclousre yet! So,
      NOT A TAKEOVER SO FAR. Just perhaps someone raising a flag to see if anyone salutes.

      Could be a long time yet before results come.


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