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Technology Stocks : Manugistics, Inc. (MANU)
MANU 17.01+0.2%10:39 AM EST

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To: Willie C. who wrote (660)5/25/1998 9:25:00 PM
From: Tom Hua  Read Replies (2) of 1670
 
1. CEO and CFO stock trading after fourth quarter squeeze to a major upside. Are trades of this nature typical two plus million for CEO and two-thirds of CFO's position?

Willie, I saw one 144 filed on May 4, and six 144s filed on April 6. Stock was in the 60s during those periods. If the CEO sold > 2 million shares, and CFO dumped 2/3 of his position just weeks prior to the massacre, then I guarantee you'll see lawsuits early next week. It's easy to make a case that management engineered Q4 to pump up the stock then sold for personal gains just weeks before dropping the bomb on the little guys. I would be very mad if I bought their shares in the 50s/60s.

In addition, the SEC will likely investigate the company for leaking the bad news to Alex Brown 1 full trading day before releasing the information to the public.

Regards,

Tom
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