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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: captaintime who wrote (12614)	6/7/2002 2:08:21 PM
From: dvdw©	Read Replies (1) \| Respond to of 19219

Yep: One comment I can make here is that my free float analysis of ESST shows that using Yahoo data, ( which may have changed since the last numbers posted on the profile) there is an impending lockup. Not enough shares to meet potential demand, hedge funds control a relatively small part of all institutional shares which is currently 95% of the float. This means that unless the shorts can manufacture another whopper, they are in BIG, BIG trouble on ESST. I would tell you that ZRAN is in distribution at least for now. IMO they may be quite a bit lower unless Index buying supports them in the near term.ESST Free Float is under 4.5 million total shares while short position is over 15 million that is a huge supply imbalance waiting to be corrected by Mr Market. Screened your posts, and you seem like a reasonable guy, I'll try and find a way to feed you some Defense plays, but through Wend. of next week, I am still adding. Good luck.