PEGA - Pegasystems Message Board

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Technology Stocks : PEGA - Pegasystems

PEGA 59.12

+0.3%

Nov 7 9:30 AM EST

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To: Robert C. Hilliard who wrote (18)	3/21/1997 12:55:00 PM
From: Ron Kory	of 504

Here are a couple of reasons PEGA may have come down so hard.... 1) the lock up period for insiders expired in late January. I notice that insiders own 87% of the shares and I am sure everyone wanted to lighten up their holdings. Coming at a time when small cap tech stocks were being sold created a situation of all sellers and no buyers. 2) the SEC recently changed the amount of time that a restricted security must be held from two years to one. The change is effective in April. This may cause more stock to come out of insider's hands and I wonder whether institutions (knowing all of the above) are selling ahead of the insiders. 3) I have to believe that a company with such outstanding fundamentals (at least that is according to the analyst reports that I have read---not my personal opinion) will bounce back but possibly the bounce back will be delayed into May/June. Having more stock in the hands of more investors will hopefully preclude the one sided kind of action that PEGA recently experienced.

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