Thursday, April 28, 2005 9:18:03 PM
I`ll use your numbers here.
6,987,210,491 shares traded in the last 21 days.
Lets round off to 7 billion for ease of math ok?
That means, the entire float if you believe it was 3.5 billion was traded twice in 3 weeks???????????????
No way.
Remember, if O/S is 3.5 billion, then Michaels owns AT LEAST 1.75 billion to maintain control.
So the float of 1.75 billion traded 4 times over in 21 days?
Opinions posted by me are just that, my opinion.
This is in no way a suggestion to buy or sell any security.
Consult your own financial advisors for investment advice.
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