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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (16298)	9/26/2000 11:05:10 AM
From: GVTucker	Read Replies (1) \| Respond to of 21876

Ian, RE: And how many of the leading funds hold large blocks of illiquid stocks? It doesn't have to be a leading fund. Real world example: Arbor Capital Management owns almost 130,000 shares of Krispy Kreme, which is 1% of the shares outstanding. At 3:55 PM on this coming Friday, they put in an order to buy 10,000 shares at the market. If they did this, it would drive the market price of the shares up by about $5. This could increase the firm's performance for the quarter by around 50 basis points, a huge bump. Then, when the new quarter starts, they try their best to work their way out of the overweighted position. In actuality, Arbor Capital probably won't do this. There are other firms that do.