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akarunway

Murdoch's bid for the WSJ

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So. What's wrong w/ this picture? He bids 5 billion and stock shares almost double. He's refuted. Who made all the cash when the stock price went thru the roof? Fuckin crooks. SEC needs to look into this shit. I guess we'll see who sold off or is that a secret?
I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

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From the New Times today. This reeks of insider trading> "There were at least some investors who may not have been caught unaware by the offer. On Monday, contracts for options to buy Dow Jones shares jumped to 4,335, well over the typical daily volume of 309, according to a report by Bloomberg News.

Nearly 44 million Dow Jones shares were traded yesterday, versus less than 1.2 million the day before, which could be a sign that many shares were bought by hedge funds and other speculators betting that the company will be sold, and who could agitate for a deal if the Bancroft family rebuffs the offer.>:(

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

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