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And he went to Hofstra... (7.11)

Bobby: Electric Sun is controlled by Kazawitz. He also owns 19.3% of Lumetherm backdoored through his stake in Southern Wind. You see that block trade last Thursday come out of Merrill?

Danzig: Yeah. That was Fortress cashing out their shorts before the merger. Wasn't it?

Bobby: Trade was at 12:52, when everyone was at lunch, which tells me they wanted it to be missed. You guys caught it, which is something, I guess. But you're looking at it backward. Electric Sun's offer was just a ploy to temporarily prop up Lumetherm. Typical Kazawitz play to bail on a loser. He's an animal. The block trade was Kazawitz getting out of Southern Wind, getting out of Lumetherm. He rode the story, now he's out, which means you need to be out. In fact, short. It'll slide to $32 and change after word breaks.

Danzig: Wow. That's a good catch, Axe.

Bobby: My cholesterol's high enough. Don't butter my ass, Danzig. Just get smarter. (To Ben) Your read was good with the information you had. You're new. You'll figure it out. Or you'll be gone.

Ben Kim: Jesus Christ.

Danzig: Yeah… And he went to Hofstra.

 

Hofstra University is a private, non-profit, nonsectarian university in Hempstead, New York. Long Island's largest private college, Hofstra originated in 1935 as an extension of New York University (NYU) under the name Nassau College – Hofstra Memorial of New York University at Hempstead, Long Island. It became independent Hofstra College in 1939 and gained university status in 1963. World university ranking = 401st-500th.