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Technology Stocks : WebMethods,Inc. (WEBM) -- Ignore unavailable to you. Want to Upgrade?

To: vvargesmd who wrote (93)	7/15/2000 2:44:31 PM
From: Lizzie Tudor	Respond to of 161

Thanks! Thats the best page I've seen on lockups, the other ones just have the dates. I'm going to bookmark it. We might also have a mkt pullback in august at the same time. Of course this is after the earnings in July, which should be great. I'm adding so these are all tough decisions for me, but if you are a current holder I really would hold this one. What made you buy this stock? I wouldn't have gone into it if not for the active acquisition, I believe that changed their fortunes.

To: vvargesmd who wrote (93)	7/15/2000 5:11:11 PM
From: Sam Sara	Read Replies (2) \| Respond to of 161

Thanks for great site. Many will know this already, but notion of price dropping significantly at lockup expiration is a murky one. Yes, there will be selling pressure, but other factors must be considered. First, if it is a quality company, end of lockup releases shares, so that mutual funds can start buying without jacking up price artificially. Big mutual funds make their buys of a stock over a period of WEEKS to allow entry; companies with small floats make it hard to buy in bulk. Second, lockup expiration is a known event, and will be discounted by market. Finally, waiting for lockup expiration to buy sometimes works, and sometimes does not. Price may not drop- PHCM is a good example, price actually appreciated at lockup expiration. Many were waiting for drop, and it never happened. WEBM looks solid- I will be holding through lockup through whatever price fluctuations there may be. Earnings are 7/26, lockup 8/8. I think that earnings (revenues) will be awesome, and will have a much more important effect on stock price than lockup.