In the back of my mind as well...the ( relatively speaking )
" dwindling " supply of dough thinning out during the IPO chase. Yet tons of cash still pouring into the 401's, mutuals; there has never been so much liquidity --- proportionately speaking ---sloshing around in years.
.....and this economy just keeps it sloshing. Korea, Thailand have already turned the corner and Malaysia, Singapore are catching up (seems we only hear about these guys when they;re cryin' the blues ).
Anyway, this has been---peversely---one of my best weeks....and let me tell you why while I shamelessly hype my babies which, in part, Mark, is a reply to your post about float and price.
IICX:Facilities based ( very key ) BroadBand and Coast to Coast Provider of local and LD, enhanced INET services. Thursday had surprise earnings report while announcing a Morgan Stanley " search party ." Always a wholesaler to the clecs and rbocs and whoever, getting into " retailing " to business to leverage their enormous glass capacity ( about freakin' time! i might humbly add ). 13.4 mil. float ( 20% of which was short, heheheh, up until last Thursday..sniff sniff ) Now 45, hi: 62/low:16. Oh, by the way, owns 20% of PSIX...
RCNC:Big Pipe, Facilities Based Regional ( primarily NE corridor,now also hitting big density cities throughout U.S.A. ) Bundler ( ISP---e.g Erols being just one--, LD and Local Tel., and GASP! CATV ) Surprise earnings on Friday to the upside but only moved about a point to 28ish.....NAZ effect? Float:37M. Low:9...H:30.
VRIO: The Big Kahuna ( largest in U.S.A. with facilities, as well, internationally ) of Web Hosters( business) and one of the largest ISPs. Of course HiBandwidth Transmission. Market Cap: 1.9B; float, a measly 5.5M. Right now sitting at 32.
Barring any celestial calamity or manufactured scare, I think these guys are on their way. Have a couple of other small enablers but I've hyped too much already>>>:-)
Laz |
