Q. It doesn't sound as if you are about to dump your shares.
Investors were dumping shares, complaining that the company had lost its way.
He is by no means alone in dumping shares of a stock while recommending it to others.
In past fund crises, he said, investors have taken quite a while to dump their shares.
"People were dumping shares without making any valuations," he said.
Investors dumped shares of the tracking stock, sending them down $7.81, to $33.
So debt is very high, the market slows down, people are dumping their shares.
That means hyping a stock he owns so the price goes up, and then dumping his shares on the public.
After five years of severe underperformance for growth stocks, he said, most people who wanted to dump their shares have probably already done so.
To reduce their exposure to the volatile market, the insurers, like the banks, have been dumping shares.