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Non-Tech : Active Apparel Group (AAGP)

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To: Zeitgeist who wrote (24)8/21/1997 4:30:00 PM
From: TScott   of 111
 
I am not sure that I would have used the word "puzzled"! I received a letter from the company a month and a half ago that said that the company was "investigating the situation" of the recent drop in stock price. Today, the price falls an additional 6+%!! I hope that someone other than the company is investigating!!! With the announcement in May that a company headed by the former director of investor relations of AAGP (Russell C. Horowitz, same last name as AAGP president George Q. Horowitz) would make open market purchases of AAGP stock from time to time, it would have seemed to me that such an announcement would have been a positive pressure on the stock price rather than a negative. Does the term manipulation come to mind??
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