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captainslog

08/06/03 1:19 AM

#39948 RE: Bill Dalglish #39947

So, why does NASDAQ still state 34%?

Can anyone else confirm the big increase in Institutional ownership?

0nceinalifetime

08/06/03 2:03 AM

#39950 RE: Bill Dalglish #39947

Increased institutional holdings? Before you get too excited it would be good to note that the most recent report date for institutional holdings that triggered the MSN alert that Bill is so excited about is 6/30/03. This means the institutions increased their holdings before that date. That's the same month that IDCC peaked around $28/share and it didn't begin it's dramatic fall below $25 until the middle of July.

Do I need to tell you when the institutions were probably selling? The links you provided do not indicate a net increase in institutional ownership last week as you claim. Those numbers won't be out for some time. Only institutions holding more than 5% of the company need to report within 10 days and only one institution held over 5% as of 6/30/03. If you want to know if they were buying or selling 10 days ago you can research the SEC filings but they won't tell you even what that one institution was doing last week unless they filed early.

Your claim that "Institutions were buying big time last week as individuals were selling." is not credible.

The picture painted by the institutional figures you linked to is one of pump-n-dump, not one of increasing institutional ownership last week. Give us a break!

Once