i agree with you, some longs feel that if someone continues to sell
(ie a mutual fund or an institution) they are manipulating the stock
downwards just as shorts will complain if someone purchases large
amounts. the shorts will not complain on a decline and the long would
not bother to complain about manipulation when the stock price goes
their way.
more to the point - who are the major shareholders. this is from
thomson financial
Top Institutions Ch Shrs Shrs Hld Date Rptd % Hld
VINIK, JEFFREY N -902 2,090,800 12/31/97 6.40
PILGRIM BAXTER & ASSOCS 979 1,954,800 12/31/97 6.00
MORGAN STANLEY D WITTER 785 822,649 12/31/97 2.50
FIDELITY MGMT & RES CORP 803 803,100 12/31/97 2.50
FRANKLIN RESOURCES INC 147 704,600 12/31/97 2.20
Top Funds Ch Shrs Shrs Hld Date Rptd % Hld
PBHG GROWTH FUND 976 975,500 09/30/97 3.00
FRANKLIN SS SML CAP GR 509 508,700 10/31/97 1.60
PIMCO ADV-TARGET FUND 439 438,800 12/31/97 1.30
KEMPER TECHNOLOGY FUND 250 250,000 10/31/97 0.80
AIM AGGRESSIVE GROWTH 250 250,000 10/31/97 0.80
if someone has a more recent stat on any of these, or invests in one
of the funds, you can check to see if it is one of these who are
unloading shares. |
