In light of yesterday's filing by Allianz that it has liquidated its total position in GORO held in 2012, it is fitting that this message board was alight on 2/15/2012 after a message delivered with 'Pomp and Circumstance' by Amadeus (albeit, factually incrorrect). Here is Amadeus's message:
"(from the private board)
Allianz Institutional Holdings
They filed a 13g announcing a 6.3% position.
Another big fish caught by the Reids ...
And this is only on their institutional side. They picked up their last block of 83,300 shares in December alone, causing the 13g filing.
This does not even count the other 5.1% owned by their Allianz Mid cap and Small cap funds.
GORO now has 3 big institutional holders in additiona to Hochschild.
- Hochshild's - 27%
- Tocqueville - 15.2%
- Alllianz Group and funds - 11.75%
- Blackrock Group and funds - 12.3%
Note, that is over 66% just for the top 4 institutions. All good news. Will report more when a more complete picture of institutional activity for Q4 is in place. There is no question Q4 will show yet another quarter of increased buying by institutions.
And the above message was responded to in the pithyness that only Keepshorting knows:
"sucker born everyday."
And Amadeus counters with a warning to Keepshorting:
"Cover, while you can still get out with a reasonable loss."
And no day would be complete without a message from Barsolid telling us about the charts:
"I have a big buy (for me, for you little buy, bigger safe guy (:OO)) )), set at 23.37. If you see that 50,000 share order (just joking) go through it is me. Unless the Germans send the tanks into Greece I don't see us going much lower. JMHO"
Amadeus challenges Engynear about the implications of the Allianz investment position in GORO. This messsage, one year ago, needs a special topic all its own, actually:
Are you disputing the wisdom of Allianz of taking a 6.3% position in GORO? Are you disputing the wisdom of 98 funds/institutions investing in GORO to the tune of over 66% of the entire outstanding shares? Must be that all those gullible professional analysts are drinking the cool-aid provided by the Reids, right? I mean, it couldn't possibly be that they actually think that GORO is a wise investment for their clients. Naw, couldn't be.
Your agenda is getting more and more transparent."
"" Are you disputing the wisdom of 98 funds/institutions investing in GORO to the tune of over 66% of the entire outstanding shares? Must be that all those gullible professional analysts are drinking the cool-aid provided by the Reids, right? ""
amedaus' stupidity about this always made me laugh.
Of course we were disputing the "wisdom" of those institutions and their analysts. Institutional analysts (especially the ones that work for Long type funds) get it wrong all the time. I've personally know far too many that don't properly understand the companies on their coverage lists. Far too many analysts attempt to cover 50 to 100+ companies - which is far too many to adequately understand any one of them thoroughly enough to beat out the short analysts that have taken an incredibly in-depth look at any given company.
It's almost as if amedaus forgets the number of institutions that have been heavily invested in all sorts of companies that have imploded through the years.
And Sambrichsanzo replies to my message with a statement that is all to eery in its simple prediction:
"Why Engy, The answer to your query is quite elementary. They all get gutted and filleted at the same time."
Then Sam posts further:
"However, none of these institutional investors believe in your little fantasy..Short Interests underwater,Tic Tock, Tic Tock."