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Microcap & Penny Stocks : UDW - US Dataworks, Inc. Turnaround Play Under $1.00

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From: Thomas Kirwin8/24/2006 8:45:17 PM
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Institutional Interest in UDW Increases

Ok - we now have some diversification among Institutional Investors. Looks as if BONANZA CAPITAL LTD sold their 574,436 shares but NEW positions were initiated by STERLING JOHNSTON CAPITAL MANAGEMENT, ICM ASSET MANAGEMENT and KORNITZER CAPITAL MANAGEMENT while AXIOM ASSET MANAGEMENT added to their holdings.

The net was a decline in Institutional Ownership by 92,376 shares. IMHO it is a good sign that others are stepping in. I like the fact that there are more investors rather than a few holding all the shares.

Keep your eye on the ball as I suspect that more shares are being accumulated. We will see after September 30th as the Institutions must report no later than 45 days after the end of the March, June, September, and December quarters.

nasdaq.com
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