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Strategies & Market Trends : STOCKS WITH FLOATS BELOW 500,000
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To: mark collins who wrote ()3/6/2000 8:02:00 AM
From: Ga Bard   of 101
 
Folks if I am be a devil's advocate here. Small floats of 500k or less are extremely dangerous. A prime example was ORXX which started out as a 500K and people were buying the fire out of it ... 60 days later there was 19-21M in the float. THTH just filed an SB-2 for 1.9M which is now in the float and steadily fell from $8.00 on a slow kill.

The thing about these small floats is they have to increase and will ... depending on the filings and registrations of new stock.

From my experience a perfect float is 2M - 5M and does not have a registration statement for more shares.

Just be careful and always watch the trading log. The dilution or trading will tell, show or flag you what is going on.

Nothing worse than buying in a float and the volume is increasing but not the price. These small floats have to increase to make the stock liquid.

One way to be sure is order the trading logs from the OTC site and then sort on buys and sells. Read the filings for a calculated float. The if you take the total shares traded and add the oversell and subtract the float that is the unaccountable for or naked short. However, you have to read and make sure that are not restricted shares about to become free trading, registration statements or anything else.

Think about it and do a lot of DD on these float issues.

Happy investing/trading which ever you are doing.

GAry
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