Rootbeer is my favorite.... Don't attempt to over analyze a public float. There are so many games that can be played. We could trade here at this level for the next 6 months and then on day it moves up ten fold. Why? There is money to made by the MMs and traders because of the spread. They would love to just sit here and trade it if they could. That only adds to the confusion.
Focus on the big scheme of things. What is your strategy when it comes to investing? Have you decided when you are going to sell? Have you decided when you are going to get out if you are at a loss? Focus on thos two things and you will make a lot of money.
Now back to the float. If it moves easy, that means it is small float. If it doesn't move easy, then that means it is a big float.
The stock price took a 50% dip this morning and bounce back up nearly 30%. That right there tell you it is a small float. What is also in our favor, we obviously have a big buyer in this stock because he/she gobbled up probably 200 to 300,000 shares today. How can I tell. Same MM on the bid almost all day. Most likely the same buyer too.
Good Luck!
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