Market Neutral Fund Glg, 10% Owner at MAGNA ENTERTAINMENT CORP (MECA), bought 342,187 shares at $6.00 ($1.9M) on 2004-09-07, disclosed to the SEC on 2009-01-08.
Open-market purchase of $1.9M MECA by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $6.00 | 100,000 | $600K | 31.3% |
| 2 | $6.50 | 51,187 | $333K | 17.4% |
| 3 | $6.18 | 50,000 | $309K | 16.1% |
| 4 | $6.10 | 6,400 | $39K | 2.0% |
| 5 | $4.91 | 59,600 | $293K | 15.3% |
| 6 | $4.69 | 25,000 |
| $117K |
| 6.1% |
| 7 | $4.49 | 50,000 | $225K | 11.7% |
| Total | $5.60 avg | 342,187 | $1.9M | 100% |