way ot: just posting an update to my prior post regarding a completely unrelated low-float, merger event stock:
h_m_n_y high of day so far today: $17.00 and was $1.11 the day before the merger
db7 Member Level Monday, 06/06/16 02:31:47 PM
Re: None
Post # of 1102
ot: saw another low-float / merger play today.. hoping we get similar action if/when our time comes
ticket: h_m_n_y
float: 319.08K per yahoo finance
prev close: $ 1.11
today's high so far: $10.00
The float here used to be lower than that but is higher now that Falcone's shares aren't counted as insider-owned anymore. Not sure what he'll do if/when this play goes active(?)
Low-float stocks in general have been on fire lately with the momentum players. I believe this activity is usually seen near market tops or at least so I've heard over the years.
I was thinking/hoping this was going to get used in the 2nd qtr of this year BUT not so sure anymore with the FGL delay..etc...etc..etc
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