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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: bill meehan who wrote (63697)9/22/1999 10:51:00 PM
From: Ken98  Read Replies (3) of 86076
 
Bill, the press release seemed to indicate that the shares were already acquired because trading was starting tomorrow or am I missing something?:

<<Trading of Internet HOLDRs under the symbol ``HHH' begins Thursday, September 23, on the American Stock Exchange. >>

Seems to be a great way for insiders to unload a big bucket of shares without affecting share price. Also seems to be rather well planned out - yesterday you had the merrill nut analyst chirping little upgrades, today most of the affected companies were chirping little press releases for this or that new strategy. All of which supports both the new UIT, but ALSO supports a boat load of baby-nut IPOs coming out.

Great deal for everyone, fees, fees and more fees for the brokers and the insiders get to bail out.
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