position in CSE by 700,000 shares in the quarter ended 9/30/07. That is a big vote of confidence. Also there were numerous other institutions that increased their postions in CSE during the same period. If you go to MSN Money and click on ownership you can see the querterly changes. Madison sould be on the list but they are not for some reason.This information comes from the 13F's that were filed just the other day (11/15).
I think it may be day traders that are trading off of charts. Also you have alot of people throwing in the towel on financials and would rather sit it out on the sidelines. Everytime CSE dips below $15 I add to my already huge position. I take comfort in knowing that CSE is seeing increased deal flow with larger spreads and tighter covenents. I also like the huge insider buying that has taken place. I could read the 10q and listen to the CC call ten times (and believe me I have) but what a better sign to see Madison Dearborn increase their postion by 2.8 million shares( not to mention the other insider purchases). MD sits on the board and knows what is going on. I also think Delaney and Fink (They own over 12 million shares)and have a lot to loose if they screws up. Finally I get paid 15% on money to wait for the market to rediscover us again.