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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (24855)8/23/2002 6:27:46 PM
From: Joe Copia  Read Replies (1) of 25711
 
Filling , after hours, PKS @ $6.19 - 6.39 for a Monday gapper on Bill Gates news:

Gates raised stake in Six Flags to 10.2 pct -filing

WASHINGTON, Aug 23 (Reuters) - Microsoft Corp. <MSFT.O> co-founder Bill Gates raised his stake in theme park operator Six Flags Inc. <PKS.N> to 10.2 percent from 8.6 percent,
according to a Securities and Exchange Commission filing on
Friday.

Gates, one of the world's richest men, holds 9,460,020 shares of Six Flags common stock through his investment vehicle, Cascade Investment LLC, the SEC filing showed.

His previous stake, according to a passive investment filing on Aug. 1, showed that he held 8,010,020 shares.

The SEC filing did not say when the additional 1.45 million shares were purchased or at what prices. The amended 13G document came after the close of normal market trading.

Six Flags shares closed down 19 cents, or 3.5 percent, at
$5.24 on the New York Stock Exchange.

((--John Poirier, Reuters SEC Desk, 202-898-8399))
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