Whatsnext, I don't want to lead you in the wrong direction, since you are new, but let me clarify what I said about the float.
The float on this stock went from about 3 to 4 billion to 167,000 as a result of the reverse split. With the previous very high float, it took massive amounts of trading to move the share price even a little bit. Now, with the new very low float, the opposite is true. Small amounts of trading can move the share price a great deal.
Today is the perfect example. I think the final count on shares traded was only about 12,000, but we saw an 88 cent rise in the share price from 32 cents to $1.20.
So if you want volatility, a low float is good. If you want stability, then a low float could work against you, I suppose.
In any event, most investors in FNRC at the moment want the extreme volatility that a low float can bring so that the share price has a better chance of shooting up on good news. Then folks could get their money back and maybe some profit to boot.
Good luck on this stock and in your future trading of other stocks. Never invest more than you can afford to lose.
Cropduster
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