Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.590

-1.2%

3:59 PM EST

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To: DanZ who wrote (6857)	2/24/2000 12:05:00 PM
From: Hank	of 10293

I wouldn't call an increase of only 3.6% in institutional ownership in one quarter buying up the float quickly. Institutional ownership at these levels is insignificant IMO. ZONA had institutional ownership behind it plus big pharma backing and they still crashed and burned. As for the price action, I wouldn't be surprised to see GUMM rally back into the 30's again before coming down hard but I doubt it will be a "massive" short squeeze.

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