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Marvell (MRVL) -1.1% AH after David Einhorn's Greenlight Capital discloses it sold 1.27M shares...

Marvell (MRVL) -1.1% AH after David Einhorn's Greenlight Capital discloses it sold 1.27M shares of the wireless/storage chipmaker last week. The sale only amounts to a small fraction of the 51.8M shares Greenlight held at the end of Q4.
Comments (3)
  • opinions on this??
    8 Apr 2013, 06:50 PM Reply Like
  • 1.1 % is a mere 11 cents. Also, Einhorn unloaded a very modest 2% of his position. That's not a BFD, unless the amounts are screened/stepped by the quarterly reporting date. In other words, without more up to date info, we can't tell whether the shares he's sold are some minor portfolio adjustment, or the start of a big dump which caught the quarterly reporting deadline.

     

    I'm holding until further info.
    8 Apr 2013, 07:15 PM Reply Like
  • Einhorn likes tech stocks. I suspect he's got his eyes on some of the small caps that have been making waves lately. HIMX, for example. There's tons of money moving into that stock...

     

    At what time was it disclosed? MRVL lost 1.1% AH about 2 minutes after close. I have been watching the stock for while, and ever since peaking at $10.94 and dropping back towards $10, it often loses 1-2% after hours. The drop could mean absolutely nothing. We'll find out tomorrow.
    8 Apr 2013, 08:35 PM Reply Like
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