Friday, June 25, 2010 11:10:20 PM
We talk about float. HMIT is tightening up and the float is getting locked...right? Now I know what this means....but I really don't completely understand. When I bought shares last week...was I buying from an individual or from HMIT? Okay...and if I was buying from an individual this would not help with reducing the float...correct? BUT...if I bought from HMIT...then I am indeed taking some of the last available shares...yes?
So if I understand correctly....we should have some concept of shares yet to be in an individual or investors hands. This would mean that at some point with continued interest...all shares would be in someone's possession....other than HMIT. I think this is when things really go BOOM!!!
Okay...my ultimate question then is this...drum roll please....
At the rate shares are being purchased, and given the assumption we know how many shares are not locked down, do we have any idea when the supply/demand of shares causes the BOOM?
Whew! Okay...talk amongst yourselves...nothing to see here...carry on! :)
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