There’s no doubt that the AMMJ float has tightened considerably over the past few months, as it’s been under continual accumulation during that time, and it’s also been largely trading in a dilution-free environment in 2021
In terms of float lock itself, the term suggests an on/off switch type of mechanism, but in reality floats exist in a spectrum of lockedness
On a scale of 1-10, with 10 representing true float lock, I’d estimate AMMJ has moved from the 2-3 level to the 6-7 level over the past few months
I think we are more likely to see a true float lock somewhere in the $.80-$1 area
When a stock moves up a big % on relatively low volume, it does suggest the existence of a tight float
Part of what we are seeing today in terms of the % gain number stems from the fact that AMMJ got painted down at the close yesterday, thereby magnifying the gains today
But all in all, any stock that is progressing towards a true float lock is one that is progressing towards the possibility of parabolic movement
And in the end, that’s what tends to provide the biggest % gains for any stock
Sleek
