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Technology Stocks : Telescan-on the launch pad.....? (TSCN) -- Ignore unavailable to you. Want to Upgrade?


To: Chi Pan who wrote (1146)4/22/1998 3:38:00 PM
From: Tom Hua  Read Replies (1) | Respond to of 1607
 
He has about 20% of the company's stock why he still bought more?


Chi, 15,000 shares is trivial compared to his holdings of 2.2 million shares. I don't know why he bought, but it surely was a nice PR gesture. Stock only has to appreciate by 0.7% by the news, and he got his new shares for free.

Regards,

Tom