So you're saying that CSCC is a sinking ship? Are you crazy! This is a company who's sales growth has been phenomenal and who is in a field expected to grow +30% through the end of the decade! If you call it a sinking ship, then you need drugs!
By the way, has anyone clarified whether he has sold already? I would bet the farm that he sold in Dec or Jan when the price was more like $50 or $60, not $30. Also, given the steep decline lately, he may have been margin called on his shares. Who knows? All I know is that this is a strong company with exceptional products in a growth industry and is only suffering a short term "dip" due to weak kneed investors who want a profit in 1 day!
As for float, it's shares available for trading for the public. Institutional shares would be included in the float #, but insiders that own more than a certain % (I think it's 2%) wouldn't given their restrictions on trading. Actually, I would assume that float is all shares owned by individuals or institutions with an ownership of < 2%. How's that sound? If you don't believe me, go to the USA Today stocks page and input CSCC in the lookup box and select the fundamental data option. It's there for all to see!
How many times have we seen tech shares retreat badly only to see them rebound and wish we had gotten them at such a HUGE bargain. I tell you, this is a bargain. Maybe not today, or tomorrow or the next, but in 3 - 6 months, you'll be crying that you didn't pick up some CSCC shares at only $30! I'm with the JP analyst that predicted $85 in 12 months. Only, I'll predict it in 9 months! |
