I don't think a big time hedge fund manager like Klarman is going to put 32 percent of his entire hedge fund into one company's stock looking for a quick in and out with a seven percent profit. A seventy percent profit maybe. A 170 percent profit yeah man.
Yes, yes, Al very astute...I think he was in there selling at 18.99 yesterday and that he is in there selling here in the premarket. In my opinion, he began buying back around $13.00, so that the KLAR has made a huge profit and now will have to reward his reputation by booking a handsome gain for 2013, so that he may actually sell strongly and then re-buy at the end of December with a focus on a robust January 2014, where he will sell more and then not pay tax until 2015. This is my humble opinion, but, please note that I am usually right.