Im looking at a stock that has a float of 65.5 million shares. Im wondering if this is considered a low float.
Baron does not like this type of Pump and Dump stock posted on Elite Trader because their usually garbage. I've refrained from posting gains on STEM when it was obvious at $.4-$.6 its a screaming buy. That Nano Tech Robot Pump was amazing, still we try to refrain from posting the names of stocks with a Billion Shares Outstanding. Its not a thin traded stock and had a Gazallion shares!@
A Thin Stock is like MFCO use to trade in the 1990s only 500-5000 shares a week with a float of 500,000 shares. This stock has over 100 million shares outstanding, nothing thin about that! That means once they start a Pump and Dump they can pay their pals to promote the shares upward and give the gang plenty of shares to crush all the suckers who bought it. Sorry, too many people do not have the skills to trade BB,GRay,Pink and other nasty stocks.
Nice try bringing that Pump and Dump to our attention, maybe you should at least bring stocks like AMDA that could help the Elite Traders scrap cash off its wild movement. Fun stocks instead of stupid pumps!
low float = Stocks that have a density level > than 1 g/cm3 sinkers = Stocks that have a density level lower than 1 g/cm3 buoyant = Stocks that have a density level much greater than 1 g/cm3 little early morning humor... ;o)