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General Cable Corp. Message Board

  • biglefthook_00 biglefthook_00 May 20, 2009 8:13 AM Flag

    Hedge Fund controls this stock

    accroding to Cramer months ago...

    "I want my environmnet to be a product of me not me be a product of my environment!"....Jack Nickolsen in "The Departed"

    When they took this down to $8 and hurt many a few months ago, it gave me a very bad taste in my mouth...

    As it should have everyone

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    • If hedge funds are controlling this stock then we owe them our gratitude for moving it upward so far and so quickly. I personally give the company some credit, but, hey, that's just me.

      However, biglefthook, you stated in an earlier post that the hedge funds are always trying to prove you wrong, so in a way you control this stock. You're a very powerful person with lots of sway over our money.

    • i increased my position while it rose from 8...got more at 12.
      first 500 were a few years ago at 9.5.
      this time i will play it smarter.

      • 1 Reply to eedmjp
      • The hedge crowd followed Phelps Dodge over to BGC when their favorite ticker in the universe, FCX, sold it off a couple years back. General Cable is starting to make the PD deal work, despite lousy market conditions.

        Of course the hedge funds control BGC!! But not any more than Michelle controls Barack. Sit tight, there's plenty for everyone. Everyone who sticks with BGC, that is.

 
BGC
19.00-0.09(-0.47%)May 22 4:03 PMEDT