Vinnie,
I know you didn't post this to me, but your message contained something that I would consider to be very important here...
"actually, these are out of the float, since I'm not selling"
While it is great that you are not selling your shares, the fact that you have bought them does not remove them from the float.
Yes, you do own them. But, unless you hold them in certificate form, they will always be part of the available free trading shares.
For example, if you call your broker and ask him/her to buy you some shares in WXYZ, your account will indicate the shares as yours. However, if I wanted to short the stock, your shares are still out there and available to me for shorting. The shares you bought will be shown as registered to whatever brokerage house you use, and not necessarily to you individually. Therefore, if your broker choses to loan them to someone to go short, they can and there is nothing you can do about it.
I don't think buying and holding will remove your shares from the float.
Just my opinion,
:-)
Binder |
