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Strategies & Market Trends : Action & Options- Taxikid plays

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To: taxikid who wrote (4237)9/3/1998 11:07:00 AM
From: Druss  Read Replies (1) of 4339
 
Taxi--I went through the basics on it.
Has a high institutional ownership of some 512 companies holding 59% of the shares. Float of over 100 million shares, has been a steady loser of money and share price. Short interest of about 12% as I recall.
Ran through the message boards for recent stuff and caught a post alluding to a rumor of a merger and another claiming a fund was buying in. There were some big blocks trading yesterday (really big over 100,000 shares).
Nothing to let me know why this thing is a buy, other than maybe a fund is investing in a dog.
All the Best
Druss
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