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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: seth thomas who wrote (2151)	6/30/1998 4:51:00 PM
From: Trader Dave	Respond to of 3033

Steve, Speak with authority on the software business, don't speak with authority about the brokerage business. << also possible is that a Cowen or a DMG is going to rerate the stock strongly - may even an upgrade at these low prices, and wanted to pick some up before rating.>> First this is SCREAMINGLY ILLEGAL. And second brokerages are BROKERS they don't manage money, they BROKER for their clients. Amerindo owns 4 million plus shares of vantive, of course it makes sense to buy 50,000 or 100,000 shares at the close of the quarter to mark up a $110 million dollar position that's down to $84 million by 10%! they get to charge their investors a larger management fee based on the fund price as of june 30th and they get to show better performance. the same spike happened at the end of the day on sebl. (Of course it may not have been amerindo, but they're a good example as the largest holder.)