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khmerican

06/01/17 10:37 PM

#10084 RE: rich pearl #10081

I get your point about the float and os relation. Yeah, you're right it seems that this stock is a reflection of overall market sentiment and not otherwise.

This company still has great fundementals. Accumulating at these lows.

I like your sarcasm. Lol.
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Hitman1127

06/01/17 11:34 PM

#10094 RE: rich pearl #10081

Great post! You sir are a writer! I've been slowly accumulating after answering your final question with a resounding NO!
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tedpeele

06/01/17 11:39 PM

#10095 RE: rich pearl #10081

Thanks for all that info rich. I had seen Cheeky's post saying the float went from 9 to 80 in a 'very short time', so your evidence for 37 million as the starting point in Feb, 2016 shows the reality.

But, your point about how the stock trades is well taken. I agree - the float doesn't dictate anything. Conviction among those who own the float is what determines the action.

Thanks for mentioning that RJDG's recent move is representative of the pennies as a whole. I wasn't aware of that explicitly though several my other stocks have seemed to be trading similarly.