Mike,
ECHO:
Short term I get 3 5/16 in about a week. Not an extremely solid target but it looks good.
For HNV I found tons of insider buying all year. The last 12 or so insider trades were buys. Here's the latest two:
HANOVER DIRECT, INC. SHAREHOLDER FILES SEC FORM 4
WASHINGTON, DC, Dec. 02, 1998 (States via COMTEX) -- Basil P. Regan of New York, NY, a Shareholder of Hanover Direct, Inc. (SYMBOL: HNV), accumulated 1,539,900 shares in 35 transactions for between $2.00 - $2.84 each between October 01, 1998 a nd October 30, 1998. Basil P. Regan currently owns 36,559,450 shares. A Form 4 reporting the transaction was filed with the Securities and Exchange Commission on November 10, 1998.
WASHINGTON, DC, Dec. 15, 1998 (States via COMTEX) -- Basil P. Regan of New York, NY, a Shareholder of Hanover Direct, Inc. (SYMBOL: HNV), accumulated 62,900 shares in 7 transactions for between $2.31 - $2.63 each between November 02, 1998 and November 25, 1998. Basil P. Regan currently owns 36,622,350 shares. A Form 4 reporting the transaction was filed with the Securities and Exchange Commission on December 07, 1998..
A lot of shares outstanding but the float is about 1/6 of that. Small enough to move on volume follow through next week.
Merry Christmas to all,
Doug R |
