MEIP-- Wow! institutional ownership data has been finally updated for period of 12/31/14 for MEIP and other stocks-- lots of big NEW positions added by various funds. http://www.nasdaq.com/symbol/meip/institutional-holdings In fact, only 44k shares were sold by those funds who sold completely out of their positions, while a whopping 5.1 million shares were bought by institutions taking new positions in MEIP in Fall qtr. And overall "increased positions" outweighed "decreased positions" by a factor of 8.1 to 1.0 (11.95M shares increased by current holders to 1.465M shares reduced).
Institutions now own 70% of all outstanding shares as of 12/31 and on the evidence of the strong upward s/price move since early Feb., i surmise that a lot more shares have been gobbled up by the 'tutes since then.
Bodes well for a cont'd big move up from here. Already today the shareprice has moved solidly above $5 mark after consolidating in 4.90s in recent days. Onward and upward!
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