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.
Technology Stocks : USSB: U.S. Satellite Broadcasting -- Ignore unavailable to you. Want to Upgrade?


To: Charles Zapata who wrote (1)4/30/1998 11:21:00 PM
From: david thor  Respond to of 13
 
<Today, over 13% of the shares have changed > Yes, that really caught my eye!

<the stock is dropping like a rock. > I don't agree with that!

I haven't a clue, the volume is remarkable. Trading finished almost unchanged. I'll poke around, but I doubt I'll find anything.

Take care,
Dave



To: Charles Zapata who wrote (1)4/30/1998 11:45:00 PM
From: david thor  Respond to of 13
 
Charles,

The intraday looks typical except for one huge block that traded around 3:30p. Without any news, I'd ignore it; I've seen both good, bad and no news result from trading like this. I checked edgar.com, no recent filings by USSB.

It would be interesting to know the short interest and whether this was an attempt to take out stops, but the block was around 11M shares and I cannot believe that many shares were stopped at 8.5-9.0. If this was such an attempt to take out stops, it could be a prelude to very good news, but I would not want to even take a guess that it's what actually took place.

I came up empty!
Dave




To: Charles Zapata who wrote (1)5/1/1998 11:47:00 AM
From: david thor  Respond to of 13
 
Charles,

This article today should be interesting, I can imagine that the relationship between Hughes and USSB might cause some speculation:

cnnfn.com

Dave



To: Charles Zapata who wrote (1)5/4/1998 3:31:00 PM
From: david thor  Read Replies (1) | Respond to of 13
 
Charles,

I think this might help answer your question about the trading volume from last week - it was, and is, good news! ;^)

biz.yahoo.com

Regards,
Dave