TickerMonkey

I Think Trinity Industries Will Soar Once Again

Failure to mention the liquidation of Gendell helps me understand how you paid $19. As of Friday's 13F-HR Jeff has effectively sold 8,488,389 shares in order to meet redemptions/ liquidations in and of two of his funds. I would think the market maker had to take on much of that stock. Those shorting into Gendell's misfortune should be covering now as there is not much selling pressure left. Failure to do so could result in the market maker reversing their fortune for them as they look to raise the ask up to offload their recently acquired inventory of TRN stock. At least that's how I see it.

As of 2/14/09
TRINITY INDS INC COM 896522109 5,843 370,751 SH SOLE

As of 9/30/08
GENDELL, JEFFREY L. 8,859,140 11.14 $227,945,672 30-Sep-08