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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: El Canadiense who wrote (10487)	7/4/2005 10:06:12 AM
From: Crossy	Read Replies (5) of 37387

re: DNO.OL - NOK 27.80 (+9%) - Bingo !! all was quiet on today's newsfront on the OSE (Oslo Exchange) and then suddenly this got accross the ticker tape: Funds managed by Pendragon Capital LLP have purchased 18,364,734 ordinary shares on 4 July 2005. Following the purchase, Pendragon Capital LLP and the funds managed by it control 19,459,734 shares in DNO. Based on the number of outstanding shares, Pendragon Capital LLP controls 8.6% of the outstanding shares and votes of DNO. ---------------------------------------------- so far 25M shares of DNO have been traded today. Essebtially means that Pendragon Capital LLP was on the buying side of 70% of today's volume !! Another bellwether shareholder joining the ranks of Merril Lynch, Goldman Sachs, Deutsche Bank, Allianz (Dresdner), Lehman, CSFB, UBS etc.. all the best CROSSY

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