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Heavy Hitter Doubles Down on Plastics Stock
By
Michael Brush
April 15, 2005
While many investors are losing their heads in the current market weakness,
one heavy hitter from the all-star insider team recently stepped up to take
advantage of the sell off.
It’s a signal you should do the same.
A few months ago we told you about Nadar Tavakoli, who has a record of
making huge profits with highly concentrated bets. His latest target at the
time was Constar International (CNST),
a company that makes plastic containers (http://www.investorideas.com/insiderscorner/Articles/Heavy_Hitter’s.asp).
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In late March and early April he was back in the market, buying $2.15
million worth of Constar International in the $5.12 to $5.69 range. Given
his success with big concentrated bets -- and the size of his current wager
on Constar – this latest move is a solid buy signal on the stock.
Disclaimer
At the time of publication, Michael Brush did not own or control shares in
any of the companies listed in this column. Mr. Brush is an independent
columnist for this web site.
For more on Insiders Corner disclosure, see the disclosure section in About
Insiders Corner:
http://www.investorideas.com/insiderscorner/. InvestorIdeas.com
Disclaimer:
www.InvestorIdeas.com/About/Disclaimer.asp. InvestorIdeas is not
affiliated or compensated by the companies mentioned in this article.
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