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Technology Stocks : CMGI What is the latest news on this stock?
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To: badon518 who wrote (10481)6/20/1999 2:36:00 PM
From: bargainman  Read Replies (2) of 19700
 
Re: "Front running" ... I'm not sure the term is correctly applied to what tokyo joe is allegedly to be doing, which sounds to me more like out and out fraud. I've heard the term used to describe what happens when someone acquires advance knowledge of a major impending purchase by a mutual fund or a pension fund then buys the stock in advance of the fund transaction and cashes in on the almost certain price bump. In fact, an employee of a state pension fund in my state was caught "front running" on stocks the pension fund was planning to buy and was forced to resign.
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