Avant (AVNT) Message Board

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Technology Stocks : Avant (AVNT)

AVNT 31.36

+0.2%

1:40 PM EST

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To: Cosmo Daisey who wrote (869)	10/6/1997 9:12:00 PM
From: Jonathan Greenberg	of 3441

Cos, I believe you are correct. To answer an earlier Q, Amerindo (at the end of June) owned over 6.1M shares (or about 25% of the free trading shares) when you add in their off shore accounts and investment fund. I put together a database and uploaded all of their information from their 13D and 13D/A's. Their average cost is about $22.13/share. Given the trading pattern the last few weeks, I wouldn't doubt if they were buying small lots to bump up the price and then dumping larger amounts in the attempt to get out of this dog. The next 13D/A should be interesting. But the bottom line is, they are making money on every sale over $22. And I agree that will be the next support level. I haven't found any information to indicate that Fidelity was positioning in AVANT! To whomever posted that info, where did you find it? I want to confirm. American Express owns about 300K shares, but that's the only other institution I could find that was into AVANT! From a TA perspective, this looks like a good week for anyone holding a short on AVNT. Have! A! Nice! Day! Jonathan! (pronounced Jon-o-THIN!)

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