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Technology Stocks : Avant (AVNT)
AVNT 37.63+2.1%Jan 22 3:59 PM EST
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To: xrayview who wrote (1421)11/10/1997 5:22:00 PM
From: Cosmo Daisey  Read Replies (2) of 3441
 
Peter,
Total Amerindo involvment in AVNT is much more than the reported 232,500 shares in the tech fund. Amerindo acts as investment advisor and has offshore accounts holding AVNT. Total reported holdings on June 23, 1997 (three days before the 232,500 share number you are using) was 6,104,903 expressed as percent is 23.87%. There is no way they got rid of 5,872,403 shares in three days.
They are in deep on this stock and are in trouble with it because of their extreme holdings so you can get an idea how agressive they may be at tring to hold the price up. They can trade between accounts to create volume and any price action they want but the underlying value of AVNT is going to hurt them.
Coz
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