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Friday, October 22, 2010 12:51:38 PM
There is no such animal as a float lockdown per se. A float cannot be truly locked since the Market makers can short up to 50% of the float to cause either panic selling or to send the PPS up to gather shares then short it down.
A so called lockdown is a derivative of freely traded shares drying up and demand increases making the PPS move faster than if there was many freely traded shares available.
This small amount of shares was to be expected. Profit takers from monday getting out on a friday. We have all been there done that. Monday is a new day.
Stocks go up and stocks go down. Get the picture
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