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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?

To: AD who wrote (269)	5/25/1999 2:30:00 AM
From: mchip	Read Replies (1) \| Respond to of 2514

<<1)Why does it appear there are no 144's filed?>> I guess there have not been any yet. Remember though, you will not see a 144 for up to a week AFTER a sale could have been completed. <<2) How did it get to a 1/3 institutional ownership?>> CUST has been on the recommended lists for a while. There may be instutional ownernship. It's hard to figure. Mama Bear said shares owned by DLJ clients might show up as instutional ownership. This is something I don't know about, but may be true. <<3) If the float is so big, how could the stock run as it has?>> I don't know! I started looking at CUST around 19. Nothing has changed since then! <<Seems to me a fairly tempting short. Yet whatever has got it here...> I agree. I'm watching also.

To: AD who wrote (269)	5/25/1999 8:10:00 AM
From: Shtirlitz	Read Replies (1) \| Respond to of 2514

<< 2) How did it get to a 1/3 institutional ownership? Usually, if a stock is obscure and fundamentally weak, Institutional ownership shows up as 2-6%. This one is 1/3 inst.owned. 3) If the float is so big, how could the stock run as it has? >> Here is a possible scenario: A group of crooks (possibly institutional) with deep pockets, who are in the business of ripping of the small guys for a living, picks an absolutely useless POS company. First they accumulate as much of the shares as they can, thereby reducing the float. And then they start creating a hype around it. As a result the stock shoots up on the tiny float. The culmination of the scam is a "Super Duper Strong Buy" recommendation by some bogus analyst. Then the dumping begins ...