Allstocks.com's Bulletin Board: How can u tell in a stock has a Low Float?

This is topic How can u tell in a stock has a Low Float? in forum General Investing Topics at Allstocks.com's Bulletin Board.

To visit this topic, use this URL:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/9/t/001640.html

Posted by 100stacks on :

How can u tell in a stock has a Low Float? Is there a website to go to or something else?

Posted by J_U_ICE on :

what stock are you looking at buying?

Posted by 100stacks on :

Maybe ECCI

Posted by 100stacks on :

I want to buy 5k worth of ECCI what do you recommend me setting the limits at to buy tommorrow morning?

Posted by J_U_ICE on :

Normally these 2 sites have the float on pink sheets site check company info and on yahoo check key statistic

http://www.pinksheets.com/quote/company_profile.jsp?symbol=ECCI

http://finance.yahoo.com/q/ks?s=ECCI.OB

Posted by 100stacks on :

The float on yahoo says Float: 29.27M, what does that number mean, is that considered high.

Posted by J_U_ICE on :

It's a low float the number stands for the amount of shares available to buy.

Posted by beechwood on :

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.

Posted by A.J. on :

Can this info be found for they grey sheets?