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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD)
AMTD 0.971-2.2%Nov 21 9:30 AM EST
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To: AugustWest who wrote (422)10/18/1998 10:29:00 AM
From: Gil Gilbertson  Read Replies (1) of 1848
 
Probably tied to end of Oct tax loss selling, I did runinto something
interesting however. It appears Joe Ricketts is a Telescan (TSCN)
stockholder and that telescan has had unusual activity since the
co. announced they were exploring ways to increase shareholder
value and a possible sale.
...look at institutional purchases last 3 mos.
it is apparent someone is acquiring during this selloff. The institutional ownership now shows at about 17 per cent. They have
never had such interest in the stock before. Could it be that a buyer
has been located by Montgomery and the selloff to $3. has made it
much easier for them to acquire the company by loading up at these
prices and then only having to buy considerably fewer shares when
the offer is made. They surely wouldnt be buying if something
wasnt brewing......very, very interesting.....gil
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