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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Spreck who wrote (5143)	2/21/2005 7:10:08 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

MCZ appears to be moving on some news that was released after the close on Thursday. Tailwind Fund to acquire 2,272,750 common shares of Mad Catz Interactive from Patrick S. Brigham 2/17/2005 5:37:21 PM TORONTO, Feb 17, 2005 /PRNewswire-FirstCall via COMTEX/ -- Mr. Patrick S. Brigham, Chairman of Mad Catz Interactive, Inc. and Michael Bregman, Chief Executive Officer of Tailwind Capital Inc. are pleased to announce that they have entered into an agreement pursuant to which The Tailwind Fund Limited Partnership will acquire 2,272,750 common shares of Mad Catz Interactive, Inc. from Mr. Brigham's holding company 314348 Ontario Limited. Closing of the transaction is anticipated for February 22, 2005. ... 139.142.147.218 I am not sure why traders would think the news of a fund buying shares from an insider was good news but apparently the street liked it. Technically the stock is trading well above its normal trading range and should make a good short candidate back to the mid line of the Linear Regression Channel. The general trend is up. Reid