lesson of ospraie

The present situation is more like the case of "Ospraie taking-over GTP" before GTP collapse. I just copy a post of mine on 07/05/10 10:47 as follows.

This does remind me the "Ospraie" event in GTP's history.

Ospraie was said to be the "biggest commodity hedge fund in the world" and it bought 5% GTP shares at $2-3 apiece to start with. Then it increased its holding gradually from 5% to 20% as the GTP sp slided down from $2 to 50c. Eventually the Ospraie flagship fund went bust even before GTP itself! LOL!

http://www.nytimes.com/2008/09/03/business/worldbusiness/03iht-hedge.4.15872270.html

Yankees never understand what the MIS poison pill is!