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To: ChrisBBo who wrote (215350)10/28/2006 6:05:22 AM
From: pgerassiRespond to of 275872
 
Dear ChrisBBo:

The same post that showed 118.8% also showed that Institutions held 577 million shares. By calculations, I showed that 100% was 486 million shares, the amount before the acquisition. 18.8% of 486 million was 91 million shares, greater than the 57 million added by the acquisition. If NASDAQ did the calculation correctly, institutions held 106.3%, not 118.8%.

Pete



To: ChrisBBo who wrote (215350)10/28/2006 10:25:55 PM
From: Joe NYCRespond to of 275872
 
Chris,

Why are you involving normal shorts too ? They're just "real" shares borrowed and sold by someone else. I don't see their relevance to this issue.

Shorted stock (stock borrowed from someone and sold to someone else) increases the supply of shares. The 1st person with the original share is equally a shareholder as the second shareholder, the one who bought (again) the same share.

Covering shorts shrinks the supply of the shares.

Joe


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