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Technology Stocks : Sterling Commerce (SE) -- Ignore unavailable to you. Want to Upgrade?

To: G3 who wrote (115)2/5/1999 11:11:00 AM
From: Ramsey Su  Respond to of 341
 
G3,

I suspect a large holder decided to dump. Very large blocks in early trading after opening belayed by over an hour drove it straight dn.

With ~90 million shares out, SE is 81% institution owned and 9% insider owned. Needless to say, the float is very thin, resulting in extreme imbalance. We have already traded 5 times the normal volume in just half an hour of trading. I think the real price will surface once the big boys are done juggling their positions.

Ramsey



To: G3 who wrote (115)2/5/1999 11:26:00 AM
From: Bob Howarth  Read Replies (2) | Respond to of 341
 
There were 2 analyst downgrades. Listen to CC and you can tell that they had already decided before the call what they were going to do and were simply looking for a way to justify it. If I were SE I would clarify things with a more clearly stated release and then ask SEC to launch an investigation into possible stock manipulation.


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