KVH Industries, Inc. Message Board

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Technology Stocks : KVH Industries, Inc.

KVHI 5.600

-0.5%

11:23 AM EST

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To: Brian W. Nash who wrote (111)	6/10/1997 1:50:00 AM
From: Roadkill	of 7249

About 500K volume the last two trading days vs. typical average of about 9K a day. About a month ago, the average volume was running about 5K/day. With the price progression, very bullish. There appears to be some serious overhead supply here. Not much movement for the heavy volume. According to the 1996 10K, the float of KVHI is about 3.75 MM. Although there are slightly more than 7 MM shares outstanding, ~ 3.25 MM of those are effectively locked up by insiders. Of the float, about 1MM shares are held by Kopp Investment and the State of Wisconsin. This leaves ~ 2.75 MM shares out there for you and me. Accordingly, over the last two trading days, about 18% of the float has changed hands (barring churning, of course). Over 2 days, this is a huge percentage. In any event, if even a portion of this volume can be sustained, we should break through any overhead supply relatively quickly.

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