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Alleghany Corporation Message Board

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  • stockholderrevolt stockholderrevolt Apr 9, 2000 8:42 PM Flag

    Ist Inquiry

    Is anyone else out there bothered by a stock
    being sold at 2-4.5 points below the previous day's
    close? Note the volume of the transactions.It's like
    somebody is invading the piggy bank just to get a couple
    of bucks for a new toy, regardless of the stock
    value. What gives?

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    • Since I'm not the one selling at the lower price,
      I'm not worried in the least. Alleghany has a
      relatively small float, and price changes from day to day
      tend to be inexplicable. But I've been a Y stockholder
      for over 40 years, and I've been happy with the
      performance. Furthermore, my basis is too low for me to sell,
      whatever the day-to-day changes.

      If you're a day
      trader, you should stay away from Y. Otherwise you'll
      deserve what you get.

 
Y
529.33Aug 23 4:02 PMEDT