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Technology Stocks : Avant (AVNT)
AVNT 31.10+1.1%Dec 18 4:00 PM EST
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To: Bill Wexler who wrote (1875)12/30/1997 8:00:00 PM
From: Cosmo Daisey  Read Replies (2) of 3441
 
Bill,
The market has suddenly realized that there is a problem with AVNT.
Even the hedge fund managers are afraid to run it up for fear of being caught with too many shares. Hedge fund managers get paid a percent of the yearly gain, usually about 20 percent. This time of year when most of the funds have adjusted their portfolios and are asleep at the wheel the hedge funds run their stocks up to beef up their percent earnings, low volume will do it for most stocks. We saw it today in ZONA at the open when a run up was attempted but it quickly failed when it brought in the shorts attracted by the higher prices. They may try ZONA again tomorrow and if no one is watching it may work.
Coz
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