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Pennimon

05/31/06 1:11 PM

#5556 RE: Blue Sky Basin #5554

It used to be about 120M available float, with this board holding approx. 25% of that. Over the past week and a half, many of us have double our positions and continue to add, plus we have a wave of new money.

Today it seems the volume has is about average for this time, but I notice the number of trades is down 40%. We are seeing a steady stream of larger buys than past days.

My new estimate of board holdings here would be about a third as opposed to 20% a few weeks ago. No one is selling anything or else very little.