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Technology Stocks : CMGI What is the latest news on this stock?
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To: Stuart C Hall who wrote (10418)6/18/1999 3:53:00 PM
From: LarryCPA  Read Replies (1) of 19700
 
Stuart, You may be right, and it may be a good rule. I really don't know, but don't the institutions flip in the US now? Isn't the first day volume always higher than the float?

I do think that as the economy "globalizes" there will be SEC type institutions in other markets and perhaps that will loosen up the restrictions. (I think I heard years ago that 25% of the wealth in the market came from overseas, so we do want to encourage non-US residents to invest on "our" markets.

JMHO

Larry

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