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Strategies & Market Trends : Action & Options- Taxikid plays

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To: tcarnes who wrote (2743)11/13/1997 10:56:00 PM
From: Druss  Read Replies (1) of 4339
 
TJ--I have been eyeballing ACLY but the small float is a concern.
It makes the stock twitchy, you may put yourself in the position of guessing right and having to bail because an investing club of rich widows decided to buy. Larger floats mean a more realistic valuation tends to dominate. Also a factor is these small floats get manipulated if the stock gets bad news. Large holders whether funds or individuals will prop the price to dump their holdings. You end up with a long term short waiting for the tank.
All the Best
Druss
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