If Lampert Sells Tomorrow, Stock Down by at least 10 points
The stock has gone up 50 points on an epic short squeeze, to make another 10 points now, rather take his $175 million profit in one month then risk trying to make another 22 million dollars. Stock down at least by 10 ponits tomorrow.
Still not the 62.5 target of where I believe it is heading next, but close.
he is actually up closer to $260million... he paid 29.85, and stock is at 76 at 6 million shares x 46, that is well over $200 million. he probably won't sell until over $90. then he can do it again if it drops to $30 and just play with the houses money :)
that's my point, he is not waiting until 90 because he can make more money now, then risk losing more if the market begins to slide. Why risk another 14 points to the upside, when you could lose 46 points to the downside - at least that is how I would play it or think on playing it.