SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Wowzer who wrote (49319)8/13/1999 11:45:00 PM
From: Arktic  Respond to of 95453
 
Sometimes huge trades of that nature reflect a family of mutual funds moving the block from one fund to another. The trade is recorded as trading volume but really is just an accounting move within a family of funds. Just one speculative thought. I have absolutely no idea why such a block was traded... just throwing in one speculation!



To: Wowzer who wrote (49319)8/14/1999 3:13:00 AM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Rory et al, No great mystery on the HOFF trade. DSND is a Scandanavian os outfit that ran into some deep do do on a project in South America. They owned a pile of HOFF shares and filed an S-3 to dump. Apparently they needed the cash.

I'll bet dollars to doughnuts it was them doing the dump today. IMO Wall Street knew this and kept a cap on the stock. Now it's over. HOFF is free from the overhang and is probably free trade at much better valuations.

If you want the skinny on the deal, bop on over to the Yahoo HOFF thread to read the before and after. IMO HOFF would be a good stock to own now. Fabulous growth story. These guys are the real deal.

JMVVHO

Bull