ideal float range for triple zero stocks...
Cintrix, thanks for such a quick reply.
As to your answer.....
TA? Trading Assistant?
Are you stating that when I see a triple zero's outstanding and floating stocks amount on a financial site, that it may be an outright lie? I thought those numbers would be monitored by the OTC exchanges and the SEC.
Also, I'm thinking there has to be some guideline if I see current high volume on a .0001 that I believe will run soon. (I would not purchase a triple zero that has no bids and adequate volume.) If a financial research site states that a triple zero has 6 billion shares, is that "too much," average, etc. vs 20 billion shares for example?
With penny stocks (50 cents to $5), I was told to day trade under 100 million float. So I was wondering what the guideline/range is for the triple zeros that have much larger floats.
Of course, I will assume reality may be different, but at least I need guidelines when researching the stocks.
Please clarify your comment.
