just bashing the co. and with no back up makes for poor board action. on the other hand i've hear some sound facts and the the sound facts are comming from the positive people on drl.
maybe i'll put some more on monday , i still have 40% of my position sold out 60% today is was hard to do at 3.29 i hope i'm not looking at 4 monday, thanks for the input
First - my explanation including FMR share sales are in posts from Wednesday - I can try to answer questions - but I just ask that you read what has already been posted on the board and that your facts are accurate.
Do you know Joel Tillinghast or anything about Fidelity's Low Price stock fund?
Second - Fidelity Brokerage Services is still selling Doral PR CDs. Yesterday they were offering $1.179mm of the Doral
5.05% dated 12/06/06 for maturity as of 12/06/07.
If you saw Doral CDs yesterday, they were being offered by Fidelity as secondary market sales. Fidelity to my knowledge hasn't brokered new Doral CDs recently. If they're still brokering Doral CDs, as you state, then Fidelity in my opinion has a conflict of interest.
just a rumor is all I said. may explain it, may not.
DO u have explanation for sell off? It is Fidelity or over realization that it is over. Or perhaps both.
I hear stories every day. But stock is down, that is not a rumor.
The stock is down 25% in a week on twice average daily volume - Stocks don't drop like that for no reason. At this point there are no public facts to support the explainations of those hypothecating on the negative side.
That does not imply there is no reason for the drop - it only implies that those explanations offered on this vbaord have yet to be validated.
you missed the news then
DRL filed holding co report with the fed for 3q. it showed a major change. losses before interest costs...amazing! also complete lack of liquidity. since then major selling ensued, rumored to be fidelity dumping before bankruptcy.
the news is out in fed filings, but u did not access it. calla broker for some help. not too late to sell some to salvage 2006 tax loss and some cash.
I now see final end game for DRL. Bankruptcy is probable. I change my tune now to buy WHI. WHI will be sucked into drain with DRL since they hold so much of their mortgages and mortgage defaults are picking. WHI's lawsuit again st them has been certified, so they need to accrue law suit reserves. It also tells u that DRL suit will probably be certified.
It sure doesn't look good.
It doesn't mean DRL will be BK and as long as they are not, at these price, it's a buy.
Or there is "somethin wrong" that we don't know yet.
The stock can very sell-off in panic. At this stage everything is possible.
What kind of a genius are you. Did you nort see the action on this. There are serious problems here. This isn't jsut some average-in stock. These guys are going to be delisted from the NYSE. Buy it on the pink sheets in 3 weeks for .45.