By: KATHRYN GARDNER Approving Editor: CHRISTOPHER CLARK LONG BEACH (Mffais.com) - Blackrock Investment Management Llc sold -2,650,090 (-49.89 %) of their shares in Ebay Inc (EBAY), bringing their current holdings to 2,661,004 shares as shown by filings made public on 2008-08-04. continues on
The short report also states that 51.37 % of institutional shareholders are selling shares.
"LONG BEACH (Mffais.com) - Apex Capital Llc sold -593,400 (-59.34 %) of their shares in Ebay Inc (EBAY), bringing their current holdings to 406,600 shares as shown by filings made public on 2008-08-04."
"LONG BEACH (Mffais.com) - Mercury Asset Management International Ltd sold -2,616,900 (-75.98 %) of their shares in Ebay Inc (EBAY), bringing their current holdings to 826,900 shares as shown by filings made public on 2008-08-04."
51.37 % of institutional holders are selling their shares!
Doesn't really sound to good, does it?
My guess is that all the $$$ the eb honchoes get from selling their exercised options will be re-spent trying to prop that pps up, much as the way the listing counts got propped up since this Boycott began....
Not that I care, except the fact it again shows more real evidence they are hurting. (and perhaps cheating?)
That is one scary picture. But the sad part about it, we were all in bondage with Ebay as long as we continue to support their behavior. I must admit that closing my account was bitter sweet. The bitter part was erasing 10 years of hard work and dedication to what I believed was a good thing. The sweet, is the freedom from the evil ways of their brain washing antics.
That picture is scary but to deny that it happened to us is just giving them power to capture more victums in their grip.