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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (6857)2/24/2000 8:45:00 AM
From: Mike M  Respond to of 10293
 
Good poignant comments but, alas, wasted on Hank. He already knows everything.

I am intrigued by the Morgan Stanley ownership. That was a good chuckle "they might be in for a quick pop". This one bears watching.

Also interesting to see Putnam snatching up 15k shares. You know how those mutual funds dive in and out of stocks.



To: DanZ who wrote (6857)2/24/2000 12:05:00 PM
From: Hank  Respond to of 10293
 
I wouldn't call an increase of only 3.6% in institutional ownership in one quarter buying up the float quickly. Institutional ownership at these levels is insignificant IMO. ZONA had institutional ownership behind it plus big pharma backing and they still crashed and burned. As for the price action, I wouldn't be surprised to see GUMM rally back into the 30's again before coming down hard but I doubt it will be a "massive" short squeeze.


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