Agiak
One of the main reasons, IMO, BB investors are staying away from this stock is the small float (1.5mm shares). At that level, prices rapidly move up or down on very small volume. Not for the faint of heart.
Conversely, BB stocks with large floats, (25-50) mm shares require large and steady volume to keep stock moving higher. These stocks, IMO, are typically the targets of pump and dumps that you hear so much about these days.
IMO, a good yardstick for a BB float is between 10--20 MM shares.
And then if lucky, the company has a viable product that eventually generates revenue for its' shareholders.
Good luck.... |
