Harbinger Capital trimmed its holdings to 6,897,053 shares (5.7%), by selling 1,362,000 from Oct. 27 to Nov. 20 at prices ranging from $11.10 to $13.03.

Harbinger Capital cut its stake to 9,601,118 shares (9.1%), after selling 1,632,455 shares between Sept. 28 and Oct. 15 at $11.64 to $12.51 apiece.

I wish I owned Solutia (SOA), said Karen Finerman, but I don’t and I wouldn’t buy it here.

Similary, Bob Johnson, an analyst at Satuit, saw what he believed was a solid buying opportunity in materials manufacturer Solutia (SOA). It was changing hands around $2 in late March, not long after the stock market had bottomed. "The company recently improved its growth profile by selling its nylon business," Sullivan says. Solutia currently trades near $11, and is expected to earn 75 cents a share this year and 90 cents in '10. "That's solid growth, but the valuation had become rich, and we recently exited the position," he says.

Harbinger Capital reduced its ownership to 11,233,573 shares (9.4%), after selling 5,579,838 of them on July 29 at $7.60 each.

improving ebitda

home town easy money

A revised full year analyst estimate from Jeffries and Co sent shares higher on an improved outlook.

Harbinger Capital Partners Master Fund lowered its stake to 24,073,520 shares (25.5%) by selling 1,304,622 from May 28 to June 3 at $4.88 to $6.06 per share.

sell

bad mgt.