Home > Boards > Free Zone > Support Forums > NEWBIES BOARD

Nightly Topic Post. Tonight we discuss playing

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (4) | Next 10 | Previous | Next
Garyst Member Profile
Member Level 
Followed By 1,866
Posts 141,996
Boards Moderated 15
Alias Born 09/08/10
160x600 placeholder
Garyst Member Level  Tuesday, 11/20/12 09:53:47 PM
Re: None
Post # of 85887 
Nightly Topic Post. Tonight we discuss playing a low "Float" Penny Play. We discussed in a previous Nightly Topic Post what the OS and AS means and how the Float is created. In a nutshell, the AS (Authorized Shares) is the amount of shares a company has authorized while the OS (Outstanding Shares) is the amount of the AS that the company has that are tradeable. For instance, a company may have 1 million shares in the AS but only 500,000 which are in the OS (tradable). Then we have to minus what are called "Restricted Shares" which are shares that can't be traded and are usually held by insiders. That creates the "Float". When you hear about low "Float" plays on the boards that generally means that there are very few shares that are available to trade. The fewer shares there are the larger Dips and Peaks you will see a stock make on very little volume. DNYS is an example of that. That particular stock has literally only 3 million shares in the "Float". With that said, you will not see huge volume days and also you can expect large gains to the upside and also large moves to the downside on not all that much volume. These type "Low Float" plays can make stellar gains so long as there is interest in them.

Hope this makes sense and helps some out.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (4) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist