So again, I wouldn't read too much of anything into this latest dip. Here is the full SEC filing, on Schedule 13G, from this morning:
. . . .AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
124,191,831 Shares (4.5%). . .
[Separately, and in an entirely unremarkable fashion, board of director member Russo yesterday exercised and sold about $147,000 worth (pre-tax) of long-vested options.] Now you know. Awaiting either more gray smoke, or white smoke -- from the chimney of the Ninth Circuit, now. . . smile.
UPDATED -- 02.09.17 @ 6 PM EST: Hah! White smoke it is!
As I said it would, the Ninth Circuit has ruled against Mr. Trump's appeal. By its terms, the Unanimous Opinion sends the case back to Seattle, where a briefing schedule started tonight, on a preliminary injunction. That preliminary injunction would extend the TRO, and be entered in favor of the "banned people" in Mr. trump's executive order. I suppose Mr. Trump could (right now, or promptly) file a writ of mandamus to the US Supreme Court, but that would be (another) fools' errand, in my view.
So it is onward, to the trial court level proceedings on a preliminary injunction -- per the [prior post's] schedule. Told 'ya.
Quoting the Ninth Circuit now: ". . .Whatever role the United States Constitution envisions for the Executive in its exchanges with other nations or with enemy organizations in times of conflict, it most assuredly envisions a role for all three branches when individual liberties are at stake. . . ." Hamdi v. Rumsfeld, 542 U.S. 507, 536 (2004)