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Technology Stocks : Viatel (VYTL) -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (40)	3/16/1998 11:38:00 PM
From: Skygusty	Read Replies (1) \| Respond to of 157

Greetings from the NCAA I knew I had seen your handle on one of the boards I look in on now and again. I'm not in VYTL right now, I took a little profit, but may get back in. I guess the rap on institutionally overowned stocks is that if they get hit with any bad news, the response is rather swift and strong downward. I don't know what percent would qualify as 'overowned' or 'underowned'. Any ideas? I'm curious what you thought of the run up to 11.3 or whatever on the strength of the earnings report and other news of the last couple of weeks. I started following this stock at about 5.5 and it seems it has shot up pretty quick from that level on very little news.

To: blankmind who wrote (40)	3/23/1998 12:56:00 PM
From: LuckyIrishMan	Read Replies (1) \| Respond to of 157

i have never heard this, actually i learned the larger the institutional holding the better. institutions do not buy and sell, but hold and keep the stock from sharp fluctuations by limiting the shares that can be traded, and thus helping to create a demand. -blankmind Exactly! If our goal is to make money off of the stock price, a company that is largely held by institutions does not have a lot of room for growth. The individual investor does not drive the stock price, it is the institutions that really are controlling the price. So when a company is largerly held by institutions (around 30%), there is not a lot of room for other institutions to get in and thus push the stock price up. One of the guys I work with uses this on a conistent basis when buying stocks for his clients. He makes a lot of money by finding solid companies that are not largely held by institutions and then just waits as the stock gets bought by the big boys. Don't get me wrong I like Viatel and own some myself, I just wanted to through out an objective opinion.