Word: gilligans
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Last week's SEC report argued that the Res were not an isolated example. Also cited were Gilligan, Will & Co., who are either the specialists, or finance the specialists, in 13% of the 1,000 stocks the Amex trades. It was characteristic, said SEC, that before a stock in which the firm of Gilligan, Will was to specialize was listed on the exchange, Gilligan, Will would acquire a block at below-market price, then profit after trading started...
Brokers are forbidden to deal in stocks unregistered with SEC. But in one instance, Partner James Gilligan (who retired last April) deposited 4,700 unregistered shares of Guild Films Co. stock out of the block of 63,000 he had purchased into the account of Reilly, then head of the Floor Transactions Committee. "Upon learning of the purchase," SEC said, "Reilly immediately sold the stock at a profit of approximately $2,300." Six months later, Reilly's committee refused to punish Gilligan for dealing in the stock...
Parker then took the high hurdles, equaling the meet record with a time of 14.8, and Oxford's Kevin Gilligan won the two-mile in 8:57, another series mark. Finishing second in the two-mile, the Crimson's Dyke Benjamin chopped a half second off his University record with a 9:08.0 performance...
...beer consumed. Blodgett remarked. "They're just trying to psych us. The ones we see drinking and smoking aren't the ones we'll be running against, but they don't tell us that." The psychological warfare reached its peak the Sunday before the meet, when Oxford's Gilligan took his workout with two Yale men and ran them into the ground, and Harvard's Benjamin retaliated by doing eight consecutive quarter miles under 60.0, two of them faster than his previous personal best...
...other hand, the wispy English distance runners ran circles around their larger American opponents. The two-mile was originally planned as a three-mile test, but was shortened out of courtesy to the Americans. Even so, Benjamin, the best American two-miler, was 11 seconds behind Oxford's Gilligan. While the Americans religiously abstained from alcohol and tobacco before the big meet, the British, deception aside, showed no aversion to a few puffs or a small snort. Gilligan made a great show just before the start of the two-mile, parading up and down the track with a cigar clenched...