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Gold/Mining/Energy : Conac Software Corp COT.V (was Exor Data) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (474)	2/5/2000 12:37:00 AM
From: Kevin Hamlin	Respond to of 527

I think there's a lot more to COT than just a general following of other tech stocks Robert. I took some time to go in and look at the specific buying that was going on over the past month. VERY interesting, leaving me definitely curious as to what COT must have in the works. Here's a few interesting things on the trading that's taken place this month overall, and the past couple of days in specific. 1) On January 13th, Thomson Kernaghan took 1,000,000 shares in a cross to them at .24 cents. Their total sales since then? NONE! 2) For the past month, DS has been buying in the market each and every day. During January, they have now accumulated over 1,000,000 shares. What is also interesting to note is that for the past month, after accumulating over 1,000,000 shares, their TOTAL sales for this period is only 24,300 shares! As well, just under 500,000 of these shares have been bought in the last three days, all at prices averaging .46 and above (and a LOT of it at .50 and above!!) 3) In the past month, Nesbitt has accumulated over 600,000 shares. Over 300,000 of these shares have been acquired in the last 4 days, all at prices averaging .45 cents and above. 4) Both National Bank and Dundee have taken positions of over 200,000 shares each in the past 3 days, all at prices averaging .47 cents and above. 5) Then add in that a p.p. has been arranged/announced on Jan 21st for 1.8 million shares. Given all of the above, I can't help but believe that COT will be moving much higher. There's just way to much activity, particularly in the past few days, that's eludes to a coming rise in price significantly beyond these levels i.m.h.o. -Looking forward to next week! Regards, Kevin

To: Robert Dirks who wrote (474)	2/7/2000 10:15:00 PM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 527

I was actually (very pleasantly) surprised to see those large bids sitting there at .46 cents and .47 sit there and go unfilled. Sometimes when that kind of size is put up, it will actually get hit because someone on the other side need that kind of size there in order to get out. Well there were two orders that came in on the bid during the last hour, one for 50k and another for 100k, and they just sat there!! This again shows the stock tightening nicely. On Friday, those bids would have been hit. Today...nothing! Another point or two worth noting is that Nesbitt was up another 67,500 shares today, on top of the 300,000+ they acquired last week. As well, the share price continued to tighten today without the help of DS which has been a very regular buyer over the past month. I think this is important in noting, i.e., that it does NOT take DS to support this stock. COT is showing it has strength on it's own without the specific help of DS. Now if DS comes back in on the buy (which I imagine they will...they're up over 1,000,000 shares in the past month alone and are obviously quite hungry for the stock), then COT will tighten up at an even faster rate. -A question for anyone here. The float on this company is pretty small...only 16 million shares. I can account for how much is actually held by the different brokerages.... That's fairly easy to figure out. But does anyone know off hand how many shares are held by insiders? -My point here being that the actual free trading float may in fact be quite small. If Conac comes out with good news (as I suspect is in the works given the trading activity over the past couple of weeks), the price rise may be even more dramatic if this free trading float is in fact as small as I think it might be. If no one knows the answer to this, I'll look into it and get back to the thread. Regards, Kevin