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The float on yahoo says Float: 29.27M, what does that number mean, is that considered high.
J_U_ICE
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It's a low float the number stands for the amount of shares available to buy.
beechwood
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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.
A.J.
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Can this info be found for they grey sheets?
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