Starnes,
Chevy and I did bounce a few numbers around for the "effective float", guessing at what might be in the hands of "longs" and such, based on posts and other communication....we can agree that it is almost certainly less than 750,000 that we cannot account for, and that a probable estimate of shares in unknown hands is around 500,000. However, I would personally estimate even lower -- my guess is more in the 250,000 to 300,000 range (approx 12% of the stated float). JMHO, of course!
And every day we see more shares being picked up by "longs", at least at seems that way from the banter on this board, so I really do think that we are getting very near the end of freely available shares.
That also means that, with significant news, the SP is likely to move north very rapidly.
NL
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
