Super Blocks Through Reverse Inquiry
Traders Magazine, July 2006
They're called "reverse inquiries" and in last year's fourth quarter these mega-block trades were all the rage. Fidelity Investments reportedly got the ball rolling with these types of trades after it courted bids from the Street as it restructured key holdings. Some say Fido was restructuring its Magellan Fund. Others say it was the Growth and Income Fund. Either way, a slew of monster-sized blocks hit the Street.
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