Friday, February 17, 2006 12:09:26 PM
You are right LOLo - I should have specified - the above case is what I was ambiguously referring too.
Institutions actually increased their holdings by 6.3% but rose only by 1.7 as a percent of total shares outstanding. That make sense?
Still don't think it's all that impressive.
One thing to pay attention to in tomonthebus' data presentation is that he notes that insiders + institutions went form 43% ownership of outstanding shares to 47% ownership of outstanding shares. I've just shown that institutions are responsbile for 1.7% of that total ownership increase so that implies that the other 2.3% increase is coming from insiders. Now, I think we are all well aware that the insiders don't purchase shares so I'm kind of curious how their ownership grew???
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