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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Will Lyons who wrote (52725)	9/27/2002 7:17:12 PM
From: Stock Farmer	Respond to of 54805

How can institutions own more than 100% of the float? Easy. Because they hold more shares than in the float. Let's say the float is 60% of shares outstanding (there are two different words for a reason). Let's say institutions hold 96.6% of shares outstanding, the rest held by non-institutional insiders and/or directly by non-institutional investors. Then institutions also hold 96.6/60 = 161% of the float. Like ATMI, for example. John [EDIT: when you "buy" shares held in a brokerage account those shares are counted as owned by institutions. Technically I believe they are held in an account owned by the institution, in trust for you.]