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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sal D who wrote (406)2/4/1998 1:21:00 PM
From: Cary C  Read Replies (1) | Respond to of 29382
 
>>>Registered for 3 million shares and over 1.2 million shares in new positions during 7/97 and 9/97. I guess these are bad things? (you know me and my FA). Large float also.<<<

Joe, actually the float isn't to bad. The company has withdrawn the registration of the 3 million shares. That is very good. They can always refile at a later date and that wouldn't necessarily be good but would depend on what they were going to use the new shares for.
The institutional interest in the company by picking up 1.2 million shares is very good. It shows that some of the big boys think that the company shows good promise.

As far as Unisys, the only thing I remember is that a friend told me to buy it back in June. Whoops. I'll try and take a look at it later

Cary