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Strategies & Market Trends : Pluvia's Fist.com - Pluvia's Plays & Portfolio
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To: Redmond Quain who wrote (799)7/6/2000 10:46:10 PM
From: Pluvia  Read Replies (1) of 1766
 
How do you define a <<tight float>>? I know what a float is and I imagine a tight float is a small float in relation to some number of days volume but what parameters do you use?

When a stock has a tight float, you can see it by the way the stock trades. You need to be able to read this in a stock before you take a short position. Many stocks who show a large trade-able float - may really have a small float. For example, a tiny float can be controlled by a few people, then have the company do several forward splits to make the float look larger. This is a classic short trap.

Often the promoters/crims running a tight float manip own most of the float and can jump on a bid and keep bumping the bid higher as they know they own the tradable shares thus any other shares out have been shorted. Forcing a short squeeze allows them to sell the shares they bought as they bidded the stock up, at higher prices.

Not sure if that helps...
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