CANSLIM - COAST TO COAST Message Board

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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: ST Trader who wrote (5864)	2/10/2000 6:37:00 PM
From: John J. O`Reilly	Read Replies (1) of 6445

They can run but they can't hide (Institutional buyers). because when an elephant moves you will hear him. Haggerty said that, who works for fido. The lasvegassun.com has reported that Mario Gabelli has significantly increased his stake in Jackpot Enterprises NYSE (J). This elephant's present holdings 896,000 shares giving him a 10.39% stake in the company. Why is this pro and his gang (mutual fund managers who run his funds) loading up ? Who needs to know, just ride the elephant. Maybe because he thinks its a take over candidate. Stock is moving up now on high volume. Should soon attract new investors as it hits the new 52 week high list. When the pros buy it, I buy it. Happy trading, johnnyo

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