SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Manugistics, Inc. (MANU) -- Ignore unavailable to you. Want to Upgrade?


To: Willie C. who wrote (660)5/25/1998 9:25:00 PM
From: Tom Hua  Read Replies (2) | Respond to 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



To: Willie C. who wrote (660)5/25/1998 11:14:00 PM
From: Sabrejet  Read Replies (1) | Respond to of 1670
 
Where did you get the 2/3 number??? I find this hard to locate and since you sound so sure, can you point to the data?!

sz