More big institution buying.....
Report Date: 11-21-08
California Public Employees Retirement System -- 7,565,723 shares ($1,059,201).
I hate to break your hearts,,,,,,,,,,,,,,,,BUT,,,,
Those "large institutional buys" ARE NOT HAPPENING NOW!!!!!!!!!!!!!!!!!
Those buys you are seeing are being POSTED now because they are part of the quarterly report that is being reported to the SEC by that particular institution.
Which means that those "large buys" actually happen sometime during the quarter that is being reported..........
Most likely the 3rd quarter.
Which means those buys happen ANY TIME between 7/01/08 - 9/30/08.
The merger was completed in July,,,,SO,, those buys COULD have happen just after the merger in hopes of a pop.......just like us......
I've researched some of those reports and some of them aren't even the 3rd quarter......some are from the 1st or 2nd........
Do NOT let those reports give you false hope.................
Do not let the dollar amount fool you either,,,,,,,,,,,
The "share" column tells you the number of shares AT THE TIME OF THE REPORT
The dollar value column gives you the CURRENT value of those shares,,,TODAY........NOT THE PRICE PAID.................
Wouldn't the sells have to be reported too though if they fell within the SEC required reprting time frame?
I'm a little foggy on what the actual reporting time frame rules are...
How does the short position reporting rules differ?
Settlement Date: The date specified for delivery of securities between securities firms. This date marks the official date for change of ownership and is used for accounting for long or short positions.
Short Interest: The total number of shares of a security that have been sold short by customers and securities firms that have not been repurchased to settle outstanding short positions in the market; the net short positions outstanding in the stock as of the settlement date.
Average Daily Share Volume: The number of shares of stock traded each day, averaged over a rolling one-year period.
Days to Cover: Calculated as the aggregate short interest for the month divided by the average daily share volume traded between short interest settlement dates. If days to cover is between 0 and 1, it is rounded up to 1 on Nasdaq.com.
Why Investors Care
Many investors believe that rising short interest positions in a stock is a bearish indicator. They use the Days to Cover statistic as a way to judge rising or falling sentiment in a stock from month-to-month, and use the statistic as a way to compare investor sentiment between stocks.
More activity recently reported.....
Mml Mid Cap Growth Fund (Mml Series Investment Fund) Mid-Cap Growth 2008-11-24
Shaw D E And Co Inc Institution 2008-11-24
Value Fund (Usaa Mutual Funds Trust) Multi-Cap Value 2008-11-24