Friday, July 29, 2005 3:22:18 PM
The float figures as presented in brokerage breakdown are false. How much off I don't know. I would be interested in knowing why float count is not accurate.
If there are 27 million shares outstanding, I think company should pr the fact as people fear there are more. Company should pr the info in any case whether less or more than 27 m.
Also in my opinion, lots of people like to bash in this situation to further compound the fear and selling that comes with the fear of a pinkie falling in price.
You can ride a stock down and lose lots of money so fear is not inappropriate but no guts no glory as well.
Other than lots of selling, I don't see anything that looks terribly suspicious at this point.
sam
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