I Counted 21 Instis That Reduced Their BMY Shareholdings By 1M+ Shares in the 2nd 1/4 | BMY Message Board Posts


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Msg  10159 of 10557  at  8/17/2022 12:03:14 PM  by

tocentsworth

The following message was updated on 8/17/2022 12:30:22 PM.

 In response to msg 10153 by  tocentsworth
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Re: I Counted 21 Instis That Reduced Their BMY Shareholdings By 1M+ Shares in the 2nd 1/4

 
As info, I think that it is important to know who is reducing their positions in a particular stock. We can pretty much assume that most BMY holders did it for a profit, given BMY's performance over the last 12 months, or so. Still, some probably rode it up, just to sell it at a profit. Others may have also shorted some borrowed  shares periodically to supplement their selling of long shares, to also take a profit (or reduce the loss) on some of their shorted shares which were previously shorted at a lower price. They would easily be able to cover, if BMY continued to go up in price, and would possibly "rake in" additional profits if it went down in the interim. JMHO.
 
 


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