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Big Stock Sales Are Supposed to Be Secret. The Numbers Indicate They Aren’t.
@WABAC- Yes, I've noticed lately that many of the publications that we subscribe to have options to copy a "free link", not on all articles, but on some darned good ones. I'm guessing that they're hoping to entice new subscribers by offering free samples. BTW, all the links that I post here are free, unless I note otherwise.
“Regulators suspect that investment banks have been tipping off their top clients, who jump in and sell ahead of that wave … In many deals examined by the Journal, the stock-price slide began in late morning or early afternoon, around the time sellers typically alert bankers to their plans. The ultimate losers in these situations are often pension funds, endowments and foundations. They invest with private-equity firms, which use block trades to unwind stakes in newly public companies.”
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I think that's the first time I've followed a WSJ link that wasn't behind a paywall.
Thanks for posting.
“Money talks and ** walks.”