posted
According to Yahoo, the % held by institutions is:
% Held by Institutions1: 106.50%
and the short position is:
Short % of Float (as of 11-Dec-07)3: 7.10%
Is it typical (or at least "normal") for big board stocks to have such large institutional ownership and short positions? Seems like the public float would be essentially negative, and there would be a possibility for an exaggerated upward move with buying pressure, correct?
By the way, it's funny to me, after playing mostly penny stocks, how much money is traded on the big boards. For example, I just looked at WCC and saw 116,000 in volume and was thought "Geez, is it halted or something", before realizing that 116,000 is over $4million in volume.
posted
Agreed. I Started the big board last year and made 100% in MELI, LDK, CGV, TASR, DRYS, SOLF, CSUN, CSIQ, STP , PBR, RIO, RTP etc etc WHy even bother with pennies and I never lost sleep
Posts: 1054 | Registered: Apr 2003
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posted
I bought at the open on 1/2, I think it was, and based on a bunch of things, but the final "trigger", for lack of a better word, was the $2million open market purchase by the VP of Operations:
2007-12-27 Purchase 2007-12-31 2:27 pm WESCO INTERNATIONAL INC WCC Rosenbaum Robert B (Vice President, Operations) 50,000 $39.43 $1,971,500
posted
Cats --- what is unsettling to me about this particular stock. There is just no volume. If you do decide to go in with a buy. chuck Posts: 330 | Registered: Nov 2007
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I got some at 3.90 range and 3.60 the other day, i flipped the shares I got at 3.60 today at 3.76 eod. holding the rest. It traded like crap most of the day, but turned on a dime with vol, no news. It was a little strange how it turned. the vol issued doesnt bother me, semis have been nailed lately, vol should come..thanks ..jmho
quote:Originally posted by chuck9: Cats --- what is unsettling to me about this particular stock. There is just no volume. If you do decide to go in with a buy. chuck
posted
Looks like I missed SBGI last week. Got a false positive earlier, and so when I saw the symbol again I didn't look at it closely enough. Would have gotten in at the open on the 10th at about 8.46 and out at the close yesterday at about 8.66.
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just joined today and have spent most of the day researching some of your trades for entry and exits. can't really help with the entry since you use data provided to yoy for owner purchases but on exits let me suggest a technical trade set-up i use very successfully. use a fast stochastic set at 4,8,6 and another set at 12,3,3 an use a 1 or 3 month chart. sell when black line crosses back down below 80, best buy is when black line crosses red under 20. insiders don't always buy on the bottom. check a couple of your favorites and let me know what you think.
BEST IN YOUR TRADING:KENNETH RAY
Posts: 27 | From: phoenix | Registered: Jan 2008
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