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Technology Stocks : Anadigics(ANAD) - Is anyone following this Company?
ANAD 0.8490.0%Mar 16 5:00 PM EST

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To: Doug Skrypek who wrote (367)2/17/1998 7:56:00 PM
From: SMALL FRY  Read Replies (1) of 1079
 
Doug,

Re: Any comments on the recent action in ANAD ?

Really hard to pin point where all these money are coming from, but enjoy it while it's here.<g> IMO the institutions are starting to come around and are buying back the shares they dumped. ANAD today had volume 2x average and we had a good price action because there's just not that many shares out there outside of the ones held by mgmt and funds. Econ 101 rules: supply and demand.

At this time, if all these data from Dailystocks are correct, 168 institutions control 77.7% which equates to 8.9M+ of ANAD's float. That don't leave but 3M+ for the rest of us small guys. My take, if you have no reason to sell now, hold on to your shares for a while until market sentiment turns against us, AGAIN.

For fund sponsorship data:
dailystocks.net

( I believe this sponsorship percentage and funds holding number has gone up considerably)

For float:
biz.yahoo.com

Do your own math if you wish...FWIW I'm holding. Good luck to you. The thread seems quiet lately. Did everyone other than us bail out?

My two centavos,
SF
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