RE: Any Ideas ?6 Jul 2025 11:48
HurstBot wrote: "Equally important that we have a leading activist hedgefund such as Conifer buying, they are not stopping here, they need much more to make sure they can make some noise."
Now, this is what completely p's me off about HurstBot's BS. How can you know that Conifer is buying "and they are not stopping here"? You don't, you just made it up. The true situation is given below.
Conifer's holding (within rounding errors) since the end of 2022 (data from the Internet Archive WayBack Machine):
12/11/2022, 2.99% of (at 08/11/2022) 265,839,639 shares = 7,948,605
05/04/2023, 2.99% of (at 24/03/2023) 272,436,716 shares = 8,145,858
02/10/2023, 4.40% of (at 24/08/2023) 279,323,318 shares = 12,290,226
05/06/2025, 3.10% of (at 14/05/2025) 389,788,205 shares = 12,083,434
Now, it may be the case that they sold a lot since October 2023 and have been buying back recently - or it may be the case that they bought a lot since October 2023 and have been selling recently - or it may be the case that they've just been buying and selling (trading) a few or none since October 2023. Only a communication from them or a detailed look at their trading history would reveal what has actually been happening.
What is certain is that you know nothing about their intention for the future.