BTW...dealers dont buy 116k on an uptick...it most definitely is an institutional buyer...institutional handoff is part of the process of moving higher
I think we're going to see more of this. Small cap fund guys like Nasgovitz distributing their shares to mid-cap guys as IDCC keeps on going up and stretching the envelope of their fund charters or their investing disciplines, whichever comes first.
Average S&P 500 institutional ownership is around 62%-63%. IDCC is less than 30%. Lotsa' room, lotsa' room.