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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: EricRR who wrote (113363)	5/30/2000 1:49:00 PM
From: Jim McMannis	Read Replies (3) \| Respond to of 1572631

RE:"Jim, you seem to be the most experienced investor on this thread. What is the significance of 98% of the float being owned buy institutions? Is this a recipe for a short squeeze? Low volume? Options exp manipulation?" First of all 98% of the float held by institutions seems way too high. In recent years, institutions are much quicker to dump than individuals. Once they view a company as topping, the downgrades come and the institutions bail out. These are often "their" internal rules. With such a high % of institutional holdings any sell offs would be long and protracted. Look at Compaq for instance. At the top of 51/share institutional holdings were over 80% I believe. Stock dropped to the teens while institutional holdings dropped to the 40% range. So we know who was controlling the stock. If I have my druthers I'd rather see institutional holdings in the 50% range. That would make be feel better about who's controlling the stock price. Certainly a stock can go higher, even with high institutional holdings as they just add more but as you know, institutionals can't really be trusted, they have their own agenda, rather devious at times. Jim