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Re: kbaz post# 87377

Monday, 04/24/2017 11:04:29 PM

Monday, April 24, 2017 11:04:29 PM

Post# of 203907
I certainly agree that Institutional ownership will dominate the stock, but probably not till the price is approaching $5. Most cannot invest in stocks under $5, but some will get in with the hope that the end of quarter price goes above $5, if it does, they hold and report having the stock. If it doesn't reach $5 they can sell up to the last day of the quarter, and not report ownership at all.

Clearly, if individual owners didn't sell, Institution's couldn't buy, at least not from the open market, but any time the company wanted to do an offering, they'd step in and take it all.

Decades ago I thought of myself as priviledged when my broker got me a few shares in an offering. Not only were you buying the stock slightly below the price at the prior days close, but you paid no commission. I don't have a major brokerage account any more, but from what I gather, most offerings these days are spoken for by Institutions unless the Institutions simply aren't interested. I.E. if you can get in on a new offering, you have to wonder how desirable it is.

Gary