Hi David, absolutely correct in regards to the low float concept
In my Post 3240 I listed the following information:
FCCI has been trading for over 1 year in the $60-70 range and has a capitalization of $579,900,000 CNOTB has been trading for over 1 year in the $120-135 range and has a capitalization of $249,400,000 FBMI has been trading for over 1 year in the $20-35 range and has a capitalization of $74,900,000
Now FCCI has only 3,700,000 in float, CNOTB has 1,700,000 and FBMI has 1,900,000. So your reasoning may be very correct.
Thanks for the posting!
Regards,
Bill Fortune III |