May 22, 201214 yr CBS radio just reported FUN units had more than 13 times the usual volume today, with more than 2.7 million units changing hands! http://m.cbsnews.com/storysynopsis.rbml?pageType=general&catid=57438745&feed_id=999&videofeed=999
May 22, 201214 yr Interesting...rumors of a buyout? It's not like there's a lot of organic growth in this industry to spur such activity. If so, I wonder by whom?
May 22, 201214 yr Maybe that Facebook Billionaire guy has all that new dollars burning a hole in his pocket. Might be one of their spending spree purchases.
May 22, 201214 yr Maybe that Facebook Billionaire guy has all that new dollars burning a hole in his pocket. Might be one of their spending spree purchases. That Facebook guy is now celebrating his nuptials, and thus might only be the "five hundred million-aire guy!"
May 22, 201214 yr Maybe that Facebook Billionaire guy has all that new dollars burning a hole in his pocket. Might be one of their spending spree purchases. That Facebook guy is now celebrating his nuptials, and thus might only be the "five hundred million-aire guy!" Who doesn't like a little "FUN" on their honeymoon?
May 22, 201214 yr Insiders continue to make purchases of Cedar Fair units as well: http://www.istockanalyst.com/article/viewsecfiling/articleid/5853708 Perhaps an institutional unit-holder is re-balancing a portfolio. Could be an institutional holder is reducing a position or taking profits. I doubt such volume is driven by sales by retail investors.
May 22, 201214 yr It seems Facebook is not worth as much as the big wigs at FB thought it was worth. anybody remember when the dot.com bubble burst?
May 22, 201214 yr But FB (or the initial investors) got all the money from selling those shares and only those who bought in the IPO are losing money.
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