UPDATE 1-Soros details JetBlue, other large holdings
WASHINGTON, Feb 14 (Reuters) - Billionaire investor George Soros said on Wednesday he holds a 7.6 percent stake in Marathon Acquisition Corp. (MAQ.A: Quote, Profile , Research), a blank check company, and 9.7 percent of JetBlue Airways Corp.'s (JBLU.O: Quote, Profile , Research) common stock.
In separate U.S. regulatory filings, Soros said he bought 3.75 million Marathon shares when the company went public in August 2006 and held nearly 17 million JetBlue common shares as of Dec. 31, 2006. Soros also detailed his portfolio holdings in a quarterly filing with the U.S. Securities and Exchange Commission.
During the fourth quarter of 2006, Soros bought 2.1 million shares of CVS Corp. (CVS.N: Quote, Profile , Research) and 1 million shares of Rite Aide (RAD.N: Quote, Profile , Research), two competing drug store chains. CVS has more than 823 million shares outstanding and Rite Aide has more than 532 million shares outstanding.
Soros also added 1.9 million shares of oilfield services company Halliburton (HAL.N: Quote, Profile , Research) and 1 million shares of Take-Two Interactive Software (TTWO.O: Quote, Profile , Research), according to the filing. The former chief executive of Take-Two, which has more than 72 million shares outstanding, pleaded guilty on Wednesday to criminal charges related to the backdating of stock options.
Following are other large stock purchases or sales in the fourth quarter that Soros reported to the SEC: * Bought 9.27 million shares or ADRs of Brazil's Companhia Vale do Rio Doce (VALE5.SA: Quote, Profile , Research
* Bought 1 million shares of Wet Seal Inc. (WTSLA.O: Quote, Profile , Research) class A stock.
* Bought 985,000 shares of Symantec Corp. (SYMC.O: Quote, Profile , Research).
* Bought 953,400 shares of Qualcomm Inc. (QCOM.O: Quote, Profile , Research). * Bought 951,520 shares of Goodyear Tire & Rubber (GT.N: Quote, Profile , Research).
* Bought 814,100 shares of Diamond Offshore Drilling (DO.N: Quote, Profile , Research).
* Sold nearly 3.3 million shares of NPS Pharmaceuticals (NPSP.O: Quote, Profile , Research). * Sold 1.5 million shares of Auxilium Pharmaceuticals (AUXL.O: Quote, Profile , Research).
http://yahoo.reuters.com/news/articl...1-ArticlePage1
Textbood Pump and Dump, good thing professionals aren't making investment decisions any longer and Wall Street has taken that down to the lowest common denominator, the idiot, the cow, the bagholder, the fool, Joe and Jane six pack. I'm only in on one of these that I bought last quarter so let's see how high good ole Georgie Soro's can take Qualcomm before it's time to dump it. I wish I could tell Reuters what articles I'd like them to publish and which stocks I'd like them to pump for me, I'd be very, very rich if they did.
"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."
- Charles Mackay
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