cos1000

Who'll Blink First: Sirius, Loral or the Banks?

s162

A follow up to the mffais.com info

Having seen sudden changes in mffais.com, mutual fund investment, data before, I did a little research using companies adding to their position as reported. Utilizing this info and that on Edgar on line I was able to understand why the sudden change in numbers being reported. As Sirius reported it 3Q numbers, so too did many of the Mutual Funds in the form of a SEC form 13F-HR. Now mffais gets its information directly from these SEC filings. The date mffais records is the SEC filing date, not the actual transaction date.

For instance one transaction which caught my and others eye was the 174.7M shares purchase by Ameriprise and reported on mffais. Certainly these shares, if a current purchase ,would be significant in trying to figure out the financing or street sentiment. But nowhere other than mffais was this reported. In back tracking through Edgar, the transaction is recorded with a date on the 3Q 13F-hr as 174.7M shares at a purchase value of $99.6 M shares. This comes out to a $1.75 putting the purchase at just at the merger of 7/29 IMHO.

In checking into several of the other transactions recorded, since 11/3, I found that most transactions reported on mffais.com are from these mutual fund company 3Q filings on their 13F-HR forms. Although I believe that this still represents a positive trend, I do not see how the information reflects current MF manger's sentiment. If we apply the mffais reporting changes of the last two weeks to the filings of MFM's reporting to the SEC, the changes in mfais reflect this reporting not real time street sentiment.