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Panera Bread Company Message Board

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  • gamer13to gamer13to Mar 30, 2005 11:58 AM Flag

    Elephants Moving?

    It is a personal euphemism for the institutional money management firms and mutual funds which are the principal owners of PNRA. PNRA has such a large short interest that the over 100% of the stock is held by "elephants". I assume hedge funds are the source of the big short interest. There is virtually no significant real "free float". This board has its "Bulls" and "Bears" but their positions or thinking have little real impact when the "elephants" stampede which they occasionally do. Their buying or selling really determines the direction of movement of the stock price.

    Yes, I guess this market is a "Zoo". IMO, some of he posts on this board confirm that from time to time.

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PNRA
147.30-4.46(-2.94%)Jul 31 4:00 PMEDT

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