Looks like for time being anyways Lehman is not holding the price down. Maybe the dumping is over.
Found it interesting that TMO chose right before earnings to bail out.I don't believe they really have any more inside info on what earnings will be than any other inst'l investor. Maybe the future is what they're concerned about but does that make sense given all the positive announcements lately?
suspect it's more the case that they have been in in at least doubled thier investment and decided to move on.
They need cash to buy Jouan sa: TMO to acquire leading laboratory equipment provider Jouan SA for 110.9 million euros (currently USD $124 million) in cash plus the assumption of approximately 7.1 million euros (USD $8.0 million) of consolidated net debt. Jouan is a global supplier of products used by life science researchers in academic, pharmaceutical, biotech, and clinical markets to prepare and preserve laboratory samples. http://biz.yahoo.com/prnews/031002/neth025_1.html
TMO sold also: Thermo Electron Corp. sold its test and measurement business to technical components maker SPX Corp. (NYSE:SPW - News) for an undisclosed cash amount. http://biz.yahoo.com/djus/031020/1029000909_1.html My advice do not put stops to prevent the price to go down. They see the stops and it's how they liquidate. TMO needs cash right away. Nothing to do with Thor earnings