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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST

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To: Northern Marlin who wrote (307)3/17/1997 10:12:00 PM
From: Investor2   of 3696
 
RE: "AIM Mgmt, American Century, and Capital Group dumped over 5 million shares of UTEK during February and March of this year."

This is usefull information. Thank you very much. Question: Is there a link where I can get this type of info?

Also, is there information on which specific funds within the fund families mentioned were selling UTEK?

SPECULATION: Based on the size and volatility of UTEK, my guess is that the funds that owned and sold UTEK were small cap, aggressive growth funds. This type of mutual fund has been getting hammered recently. Perhaps many of the investors saw their fund assets decline by 20% since July 1996 (I have several funds that did this - PBHG Growth, PBHG Emerging Growth, Stein Roe Capital Opportunities Fund) and decided to get out. When that happens, it is usually time to buy.
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