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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Jimbobwae who wrote (1578)	1/28/2002 9:20:59 PM
From: Smart_Money	Read Replies (1) \| Respond to of 16631

Pulled this off Yahoo board about HC. ITEM 4 In connection with the transactions contemplated by the Underwriting Agreement dated March 15, 2001, among Hanover, JEDI, et al., JEDI sold 1,173,344 shares of Common Stock of Hanover. The amount of securities thus beneficially owned by Enron is 4,350,556 shares of Common Stock, of which 1,748,689 shares are presently held directly by McGarret XIV and 2,601,867 shares are presently held directly by AES Holdings. As part of its organizational activities, Enron may from time to time transfer such shares among its subsidiaries and controlled affiliates, with Enron retaining sole voting and dispositive power with respect to all of such shares. sec.gov 501810.txt That's 9.8% of the float needing to get liquid if I read this right Plus, in the now infamous internal Enron memo, there's this: "Raptor looks to be a big bet if the underlying stocks did well, no one would be the wiser. If Enron stock did well, the stock issuance to these entities woudl decline and the transactions would be less noticeable. All has gone against us. The stocks, most noticeably Hanover, New Power Company and Avici are underwater to greater of lesser degrees." I believe this is a different "Hanover" (Anyone confirm?) But who knows, the name alone in the document could also trigger a sell.