Who could give me the answer ? Why does Blue Ridge Capital LLC sell its shares just now ?
Don't they know XIN's so undervalued now like you and me ? They have hold so many years .....
Taking the starting point my total ignorance on stocks, it's striking -especially in those that have a very low float- that one bank or one hedgie, or one fund with a dominant amount of shares inside.
While the company doesn't get some economic or financial autonomy, they are who regulate the pps at their 'll. And when they can't do that leaving in the same way they arrived.
Doing the same question to myself like in GRRF where WFC maintained a significant number of shares to...the last day???
Which is the Blue Ridge average? How long they are keeping their XIN?
Since when BR 's THE GREAT INSIDER like Juan? (a joke of course)
To sell this stock even if they are knowing about a great coming catastrophe or double dip on the markets seems quite illogical knowing that the same sick market is able to climb 500% in a few months calling that a recognition of the real value ...
the best weekend for everyone including your family.
to get from 4% to 6% by a divy during a year when your fuqy USD remains "strong" looks like a very smart pos.
There is a new trend developing that banks start to redeem their money in hedge funds. As a result, hedge funds and private equity funds have to sell their investment to meet investor redemption requests. I am fairly certain that the reason that Blue Ridge want sell some their XIN shares. Sure, Blue Ridge will never tell you that itself. In summary, Blue Ridge sells XIN shares because XIN is doing well and will continue doing well in future. Ask yourself, what you do to meet margin calls? I guess your answer is to book some profits by selling some your winners.
Hope this address your concern.
Enjoy the raise of XIN and enjoy the negative messages from those who want buy into XIN.
Savvy you are 106, so I'm going to chalk up your
condition to dementia. Your reasons for Griffin selling are precious. Margin calls when the S&P hit
it's highest level in 4 years this week? Griffin selling because he's selling his winners. Sorry Savvy, Griffin is down 35% on his Xin position but he's been averaging down. When you see him buy a few
million ADS, be assured he will sell those shares
to recoup some of his losses ASAP. George Soros
didn't stick around like JAG, he sold out his postion with a loss, and moved on.
That's totally untrue. Typically, funds like BR will sell their performers rather than lagers like XIN. If they feel XIN has great potential to appreciate, they will definitely sell other holdings with less potential.
maybe realized they can't take the company private and decided to get out? I would not be surprised they were among the ones to approach XIN to go private (as also Gurnee mentioned in the cc) and they got a negative response.