News Focus
News Focus
Followers 1177
Posts 134793
Boards Moderated 3
Alias Born 08/27/2003

Re: rich pearl post# 4112

Wednesday, 02/08/2006 3:06:56 PM

Wednesday, February 08, 2006 3:06:56 PM

Post# of 47225
The stock has traded between .015 and .023 today, or a 50% range all on $25,000 in volume, and that doesn't suggest a low float to you?

Maybe it traded a range of $1.50 and $2.30 (also 50%) on $25,000 volume you'd understand despite the mathetmal equivalence.

Today there's been a very equal amount of buying and profit taking. Yesterday it may have been easier to see how low of a float it was rising 80% over 2 days on still, by all relative accounts....piss volume.

If you don't think 200 million is a low float for a .01 to .02 stock then I don't know what to tell you. You show me a lower float stock between .01 and .02 and I'll show you a company that's almost bankrupt. This float is dinky. Don't let that "big impressive" 200 million number fool you. Several posters own over 1% of that, lol

I'm glad we're discussing this, and I hope people are learning something.... so many times I'll hear about a 75 cent stock having a "low float" of "only" 8 million when they have no clue, in reality, a 200 million float at .018 is actually lower than a 75 cent stock with 8 million float.

Raw

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today