Its good CNBC thought it important enough to put
on Market Watch.
4th Article Down is NEWS on
I came on this board two days ago, for the first
time in awhile,
to tell you SOMETHING WAS UP (large
It's nice to be right.
HANOVER DIRECT CONSIDERS WEB, SALE
FRANCISCO (CBS.MW) -- Hanover Direct, a catalog seller
expensive goods with aspirations of becoming a leading Web
looking to hire Bear Stearns in a possible
sale of the company. An
close to the situation told
company (HNV: news, msgs) is considering a
spin-off of its Internet operations or a sale of the
company. Paula Zwerdling, a spokeswoman for Hanover,
company is in talks with investment bank
Bear Stearns but said no
contract has been signed.
I have ever seen a stock go DOWN on rumor of a buyout. Now I've seen everything! The only consolation here is that it can't go down below zero, which is fortunately less than 3 points away.
Excellent recovery going on. Clearly those people
who didnt see 3 bailed out. Now there is significant
buying activity. This could be quite an interesting
month... I think we might see a lot of above 3 activity. I
have sold no shares at month end. Cant buy anymore but
will definately hold for now.
I've figured it all out. Big Bad Basil and The
Investment Banking Company were conspiring to make it look
like they needed to mark up the stock, so that they
could sell their positions to chat board denizens and
use the proceeds to fund Dr. Evil's quest for world
domination. Looks like a case for Shaggy and Scooby!