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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: CF Rebel who wrote (4280)2/14/2000 1:47:00 PM
From: Theophile  Read Replies (1) of 15615
 
Rebel, if shares outstanding are ~447M, which IMO is correct (and yes ~800M including post FRO total) then what about institutional ownership? This too is considered not part of the float, no? Am I misinformed here? Shares outstanding less institutional = float, or am I incorrect?
I do not look at short ratio without looking at total percentage of float, because the volumes traded are often history.

Thanks for the well documented approach. And yes, the short shares story is often misused to account for share price.....however, in this sort of guerilla warfare, competitors with clout have to use every tactic possible to hold back a rival...and this is one of those tactics. I have seen it before in other sectors....anyway, I appreciate you disagreement, more is learned by that than a simple concurrence.
Thanks.
Martin Thomas
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