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Technology Stocks : Perot Systems (PER)
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To: shane hartman who wrote ()2/10/1999 12:36:00 PM
From: AM/FM  Read Replies (2) of 542
 
Ross Perot screwed everyone this past week, he did not want the stock up in the 80's. I watch a market marker screen all day and have watched this stock trade since day one. On Friday when the stock hit $80, all of a sudden huge "even" blocks of 50, 40, 70, 100K shares were thrown on he market. Why? Ross Perot didn't want this to be another internet stock... I believe he squashed the price intentionally. I fired off several e-mails to their investor sight and they responded by calling be and saying they could not make any comment during the quiet period. Well then, why did Mr. Big Mouth himself go out yesterday and start talking about how the price was too high and that the traders would be out of it in a week or so. What a complete idiot. What right does he have to crush the price of the stock.

I suggest any of you out there who got the shaft like I did, call Perot Systems and complain or e-mail at perotsystems.com. This is incredible, the guy goes out and pumps the hell out of it on Wed and Thurs and then Friday somebody threw a wet blanket on the stock, and I believe it was Perot or the company itself. What's up with this? This stock should have gone way over $100 a share, there were only 5 million shares in the float. And it can't be sold short for at least 30 days. Anyone else as upset as me?
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