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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: David Klein who wrote (265)	3/10/1998 11:57:00 PM
From: stealthy	Read Replies (1) \| Respond to of 3873

David: Interesting to consider the possible percentage of recent volume attributable to U.S.Bancorp; Given your comment that they had to file with the SEC within ten days of reaching 5% ownership; 1. Given that they filed on Tuesday; 3/10/98 2. Assuming the requirement is ten "calendar days" to file 3. Assuming they didn't file earlier than the requirement 4. They must have reached the 5% mark about Friday ; 2/27/98 5. The filing indicates 10.28% ownership as of the filing date 6. This would suggest that they accumulated another 5.28 % of the 150M shares in only about six or seven trading sessions; 7. This seems to say they accumulated nearly eight million shares in only those six or seven trading sessions; 8. Approximating the total trading volume for the seven previous trading sessions ( using bar chart estimate since I didn't have the exact data) the total appears to be approximately six million shares; 9. Based on the above quick and dirty review, there appears to be some inconsistancy between the approximately eight million shares (5.28%) accumulated by US Bancorp and the approximate six million shares of total trading volume occuring over the same seven trading sessions just prior to the SEC filing; [ The above summary may have an error, or the daily bar chart volume estimates may be off;] Anybody else have better data, or another explanation, or does anybody else care about such trivia ???? <ggg>