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Friday, August 06, 2010 1:28:09 AM
So this is prob 600 mil, some penny stocks have 1, 2 or even 5 billion.
If a stock trades 5 billion shares in a day an ticks up one point, you know it has a float (available shares to trade) in the billions.
If a stock trades 50 million shares in a day an ticks up 10 points, you know it has a float (available shares to trade) in the low millions.
Just a trivial example.
Hope that helps. PM me with any questions.
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