Fri, May 24, 2013, 10:46 AM EDT - U.S. Markets close in 5 hrs 14 mins
Who could it be? How much dry powder does the mystery buyer have? What will happen after the money runs out?!? :-)
Sentiment: Strong Sell
Easy. They're management, mutual funds who own huge amt of CMG shares. They have interest to keep higher price to steal money from naieve investors.
Not funds - reports we have show net selling their. Not even management, which are still selling too.
It is the corp buyback, tossing the longs own cash to try to be a rear guard for the institutions trying to tip toe out the door.