Coldwater: Who Sold Before The Fall?

 |  About: Coldwater Creek, Inc. (CWTR)
by: Herb Greenberg

Never mind the 25 million shares that traded today in Coldwater Creek (NASDAQ:CWTR). The big story is the 5 million that traded yesterday.

I understand from two very reliable sources that a 3 million shares block was sold piecemeal by a single seller through Goldman Sachs Thursday in the hours before the close -- and just before Coldwater warned its fourth quarter would miss expectations. A coincidence? Maybe. Maybe not. Goldman declined comment; Coldwater's spokesperson didn't return my call.