Doing a word search, I found a copy of C/W's April 14, 2008, weekly update to subscribers that mentions the locked up shares that was not included in Tobin Smith's MoneyShow commentary. http://www.changewave.com/subscriber/updates/2008/04-14-08_changewave_investing_weekly_update.html ...Additionally, the lock-up period for Orion's IPO shares ends on June 16, 2008, so there is no need to get overly aggressive when buying the stock. The end of the lock-up will expand the float dramatically, and thus the supply of shares available for sale, some of which will undoubtedly hit the market....
NOTE re the weekly update above: Do NOT base investment decisions on it, due to the fact any and/or all stocks mentioned may no longer be on his buy list, etc.