Amerindo began buying PSIX 11/95-12/95 with 8% (2.56).
By 6/96 had 17%.
As documented below, in 10/96 began selling. Last official report
03/13/97 shows 8.55% -- or 50% reduction. But word is that they have
unloaded more since. Even if not, if they thought there was good
chance of decent appreciation, would they have sold even the 300,000
shares sold as recently as 03/03 ????
>you can bet if some one is about to buy it Amerindo would be the
>last one they would let know about it.
PSI would know. You must be kidding. Anyone, especially Amerindo, who buys 16% of a company develops damn good contacts in conjunction with doing so.
PSIX retained Merrill as `adviser' in 5/96. Merrill's been shopping
the sucker ever since -- even to George Soros.
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PSINet (NASDAQ:PSIX) stake cut by Amerindo group
Reuters, Thursday, March 13, 1997 at 17:18
WASHINGTON, March 13 (Reuter) - A group including Amerindo
Investment Advisors said Thursday it reduced its stake in
PSINet Inc to 3,428,430 common shares or 8.55 percent.
In a filing with the Securities and Exchange Commission,
the group said its latest transactions include the sale of
300,000 common shares between January 7 and March 7 at prices
ranging from $7.191 to $11.438 per share.
Amerindo is a San Francisco, Calif., based investment
advisory firm. PSINet, based in Herndon, VA., provides turnkey
corporate Internet and intranet access.
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Amerindo group cuts PSINet (NASDAQ:PSIX) stake to 11 pct
Reuters, Friday, December 06, 1996 at 17:29
WASHINGTON, Dec 6 (Reuter) - A group including Amerindo
Investment Advisors Inc said Friday it reduced its stake in
PSINet to 11.00 percent, or 4,408,930 common shares.
In a filing with the Securities and Exchange Commission,
the group said it sold 598,500 shares of PSINet between October
17 and November 27 at prices ranging from $9.00 to $14.0750 a
share.
Amerindo is a San Francisco-based investment advisory firm.
Based in Herndon, Va., PSINet provides turn-key corporate
Internet and intranet access.
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10/18/96 PsiNet Stake Cut by Amerindo Investment Group to 12.54%
Washington, Oct. 18 (Bloomberg) -- Amerindo Investment
Advisors Inc. and its affiliates cut their stake in PsiNet Inc.
to 12.54 percent from 16.77 percent of common shares outstanding.
The investors sold 460,000 shares at $10.35 to $12.82 a
share between Aug. 27 and Oct. 9, according to a Schedule 13D
filed today with the Securities and Exchange Commission.
The Amerindo group now holds 5 million shares in PsiNet, a
Herndon, Virginia, company that provides customers with access to
the Internet global computer network. Company shares fell 1/16
today to close at 10 1/2.
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