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Author: aircraftmechanic One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 95  
Subject: Re: Over bought? Date: 8/25/2000 8:40 PM
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I think we are in a whole new ball game here. In the 2nd quarter institutions bought 3.8 mil shrs and now hold 12.4 mil out of an entire float of 15.5 mil shares. Also, with the listing in the s&p midcap 400 at the end of july, institutions are buying even more shares. They tend to buy and hold longer than individuals and have a longer time horizon. If everything is going well with the co. they usually don't sell. As you are aware things are not going well- they are going gangbusters. This global trade thing is exploding and cgo is in the catbird seat. I don't think we will have the usual post quarter sell off as we had the last two years. We are going into peak season and everything is looking good, so institutions that are following cgo won't want to miss out by trading in and out.
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