PTC Message Board - Msg: 12455048

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Technology Stocks : PTC

PTC 175.99

+1.2%

Nov 7 9:30 AM EST

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To: Box-By-The-Riviera™ who wrote (3037)	1/4/2000 8:21:00 AM
From: Bob Howarth	Read Replies (1) of 3646

17 1/2 I see right now. Honest J, when you see one of these hedge fund announcements, it often means that they are going to do a quick trade of the stock, or just want stock price up a bunch like to show year end results etc. First they "pump" by making the standard SEC announcements etc that they own a stock, which they have already accumulated on the cheap, then when it rallies a bunch, and a taxable event like beginning of next year occurs, they "dump", often employing a front man to appear on a show or whatever to hype the stock. They do take risks doing this because they have no inside info or anything like that about the company. They must dump before they get caught by bad news if such occurs. Hard to say if they got out this time or not. I bet a lot of folks got caught by this one since there was that very recent 300 million revenue projection from CEO on WC for this year.

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