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He paid $23, on average, for the entire position.
They have paid $26.46, on average, for the entire position.
"I had to rethink my entire position," Mr. Bruster said.
He paid 378.63 yen a share, on average, for the entire position.
By Dec. 12, Mr. Shulman had sold his entire position in the securities.
The SocGen trader was able to eliminate the entire position in three days.
Similar(6)
But sometimes big traders want to sell their entire positions at once, which can spur a market crash.
He trims positions by 20 to 40percentt as their valuation approaches their peer group's, and he dumps entire positions when they surpass the group.
He generally trims back holdings when they exceed 4percentt of the fund's assets and sells entire positions when he forecasts a significant deterioration in earnings.
Over several days, SAC not only sold its entire positions in Elan and Wyeth, but shorted, or bet against, the drug companies' shares, the government said.
Gurus sold out of their entire positions of two silver miners, Apex Silver Mines and Silver Standard Resources, and Iamgold.
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