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To: fut_trade who wrote (8258)3/11/1998 4:49:00 AM
From: Michael Collings  Read Replies (1) | Respond to of 27307
 
Peter:

Do you know when the cut off date is on those numbers? As of Feb 28? You have to believe that there are a lot fewer shares than the 11.4 million sitting in institutional hands right now. In the last 10 days there have been over 30 million shares traded. Can't be shorts covering to short selling for all those shares! I still have some short and you still are holding your's long so we weren't in the buy and sell festival. If your float is anywhere near correct there just aren't enough shares in public hands or short hands to explain this volume. Of course there are a few here that buy and sell this intra day! But even then.....

There was a Reuters news article today saying a lot of institutions hold some shares but not in great amounts. Got the idea that there is a lot of window dressing with this stock. But your 11.4 million number sure seems to dispute that. How reliable are they?