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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail
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To: Bullseye who wrote (1077)2/18/1998 6:20:00 PM
From: Matthew Leo  Read Replies (1) of 1800
 
<<I expect institutional investors to accumulate as they have done in the past few months. Since CYI has a little float, any greedyness on their behalf could trigger a sharp runup in price.>>

This is a very good point. 9 million shares does not go far when demand gets out of hand.
From another point of view, such a small float does not encourage broad institutional ownership. Or for that matter, the shares necessary for mergers/acquistions (which as I understand is Bud's backround and strength).
IMHO expect the stock to rise followed by a series of stock splits to satisfy institutional buying.

regards
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