Vicor Corp. Message Board

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Technology Stocks : Vicor Corp.

VICR 92.82

+3.6%

2:00 PM EDT

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To: steve winograd who wrote (47)	6/20/1998 3:22:00 PM
From: Alan A. Hicks	Read Replies (2) of 118

A new fund manager took over one of Fidelity funds with the VICR position. The new manager apparently decided to liquidate the position. That is not unusual. Fidelity is an elephant when it moves. In my experience they have typically been a contrary indicator. When they have taken a large position, they could turn around and sell at any time and depress the shares. When they sell, they depress the price beyond what it would normally be creating an unusually good buying opportunity in sound companies. For those who track their investments very closely it is not terribly difficult to have better insights into a company than a fund like Fidelity that must track thousands of companies. Once it is known Fidelity is selling a big position no one wants to step up and buy until they are done creating further weakness. Vicor could take the last shares or another manager could. When they are out of the way, more buyers will have confidence to step in and not get whacked one more time. Expect the stock to lift nicely. Annual meeting this Thursday. Company may be able to report good news on yields of new products.

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