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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?


To: jim geis who wrote (1866)1/1/1999 4:33:00 PM
From: Mark[ox5]  Read Replies (3) | Respond to of 5102
 
Good news on institution ownership

quicken.com

Total shares outstanding of DBCC = 32.2 M
Shares in the float = 19.0 M

Shares held by institutions = 10.4 M

% of float held by institutions = 10.4/19.0 = 55%
% of shares for us little guys = 45% or 8.6 M

So now i see why it moved so much Thursday-- the "soft" float is really only around 8.6M

If you think about the stability these institutions provide.. there are only 48 of them who own 10.4M shares. So that averages roughly

215,000 shares per institution or approx $3.9 Million in stock value per each of the 48 institutions. Pretty impressive.

This just gets better and better. All these daytraders and position traders jumping in vying for only 8.6M shares.

Time to rock n roll in 99! Don't let them shake you out this upcoming week. Hold strong for the following week.

Mark