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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Elmer who wrote (7803)	1/24/2003 2:41:16 PM
From: Zirdu	Read Replies (1) \| Respond to of 52153

You probably won't find such a site, in my opinion because the term "float" is so imprecise. How exactly do you define "the float"? Is it stock held by persons and entities other than insiders and institutions? If so, what is the point of the distinction? We all know that insiders and institutions sell (and buy) stock all the time, often more frequently than individual holders. So I have always thought that the whole concept of "the float" was flawed and of little use.

To: Elmer who wrote (7803)	1/24/2003 4:02:10 PM
From: Michael Young	Respond to of 52153

I'm not sure how one could really use that information. I guess you could avoid the stocks with the highest short interest, figuring that there are probably plenty of roaches under the counter. It is nearly impossible to determine how much of the reported short interest is due to true speculative shorting. Much of it often involves hedging activity. I've seen so many "shorts will get squeezed" type posts over the years for stocks with high short interest. But often the shorts in those stocks have no incentive to cover positions. The situation can obviously be different for very thin stocks. Mike