I think once it gets on the Big Board, Mutual Fund managers who can't buy on the pink sheets will dive in. Not to mention exposure to other investors.
Personally, I think a runup could happen (short term, though) upon listing. That doesn't matter to me too much because I too am long in it (although it helps in bragging rights ;o). But, I think that MF Managers might be able to get them already. One fund that I was looking at, Harbor Cap Appreciation, is pretty much a domestic stock fund, but it holds SAPHY. So, if they can hold it, why wouldn't any other funds be able to? Also, keep in mind that SAPHY IS expensive (short term, of course. Long term it is cheap), so we can expect a good number of shorts to jump on the stock. I think it is harder for shorters to get in ADR's than it is for M* Movers and M* Funds to get into the stocks. But, that is just my opinion. I am excited for the first week of August. We get to see SAPHY come to the NYSE, and CSCO reports the next day!!!
JRH |
