to all: Maybe it's a market top, but I'm not reading much about stocks to short. I just shorted VIGN. I don't know much about the company, but I read the following news:
AUSTIN, Texas, July 22 /PRNewswire/ -- Vignette Corporation (Nasdaq: VIGN - news), a leading provider of Internet Relationship
Management (IRM) solutions, today announced that the underwriters for Vignette's initial public offering have agreed to release
approximately 3,000,000 shares, or 5.5%, of the approximately 16.5 million shares held by the former preferred stockholders of
Vignette, all of which are subject to lockup agreements due to expire August 17, 1999. The release applies on a pro rata basis to the
holdings of each former preferred stockholder as of the initial public offering, and will be effective with the opening of trading on July
22, 1999. This partial release of the underwriters' lockup has no effect on various resale restrictions under applicable securities laws
and regulations that apply to certain stockholders. |
