Broker Data, page-72

asdzxc,
thanks for pulling the data, very useful. From memory the Petra holdings over the past month or so must now be pushing 2M or so. The interesting part is that this 673K tranche has an average buy price of 43.25 cents so they continue to average down and over time would be sitting on a loss overall. Obviously with the SP pulling back Petra are in there plugging away to take advantage.

They also haven't sold any in this report nor did they in the previous report either as I recall athough they were doing some selling earlier in the piece, around 10% as I recall. Suggests to me that they have decided over the last week or two that they don't need to sell any longer to clip the SP, the retailers are doing it for them for free.

Looking at the selling with some large dumps particularly over the past few days reminds me of Warren Buffet.....

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful