A methodical accumulation of the float needs no 'momo' players! But it does need longs!
What does this mean? The float is the number of free-trading common shares in the hands of the public. It doesn't include shares owned by insiders or shareholders who own greater than 5% of the shares outstanding. Longs may be buying MDGC stock, but the shares they buy are still part of the float unless they become a greater than 5% shareholder.