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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security
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To: Glen Abbey who wrote (1095)7/2/1998 11:43:00 AM
From: DrMedina1  Read Replies (2) of 2534
 
Agreed, Glen, it is certainly tiresome to answer Sherlock. However, his 8 million share figure represents at least double the actual number traded. As we all know, shares on the BB (and also NASDAQ) are counted twice -- once when they go to the investor, and once when MM's settle among themsleves. Sometimes, one real trade results in multiple MM flips.

So, real volume was 4 million. As a result of sales by some early investors, ALYA's public float is now around 2 million, up from the 1.45 million in Alan Markoff's original DD.

So the float turned over twice. Big deal. Included in that turnover is a several hundred thousand share short position held by Sherlock and his friends, which has probably been flipped a few times. I'm sure that accounts for at least 1 million of the real turnover of 4 million shares.

As best as I can figure, about 1.4 million shares of ALYA is currently in strong hands. So you have 600,000 loose shares being traded an average of 5 times each (total: 3 million) in four months by short-termers. Seems pretty unremarkable to me.

As long-term holders continue to accumulate during buying opportunities like the present, the ability of shorts and short-termers to do their thing will become more and more circumscribed. Notice how volume has declined since NASD started watching.

No matter how you slice it, we'll all be very happy in couple of months.
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