posted
How can u tell in a stock has a Low Float? Is there a website to go to or something else?
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I want to buy 5k worth of ECCI what do you recommend me setting the limits at to buy tommorrow morning?
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
The float on yahoo says Float: 29.27M, what does that number mean, is that considered high.
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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posted
It's a low float the number stands for the amount of shares available to buy.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
You gotta look at total shares outstanding before you bother with the float. Total shares outstanding are the total number of shares for sale to institutions, corporations, as well as the public. The FLOAT is the total number of shares available to the public ONLY (i.e.; you & me). If the two are equal, or close, I wouldn't bother but if the float is half the total outstanding or less that makes each share on the open market worth that much more and can be quite lucrative. The only hitch is if the outfit dilutes the shares (adds more to purchase), issues discounts to institutions, or reverse splits. That sucks big time. Check out one thread on the board for pending RS. As a general rule of thumb, avoid them entirely. They rarely pan out.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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