posted
According to yahoo.com the float is 3.89 million and O/S is 13 million. Trading at .015 that's under $60,000 for the total float. Pinksheets.com also shows total shares of around 13 million, so I think the yahoo number is correct.
This is how low the float is: There were 5 MMs asking .015. I bought $500 worth, and it went through all 5 of them. Ask is now .016
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When I looked at this, the MMs were lined up as follows:
5x.015 1x.016 1x.04
My $500 buy at .015 went through all 5 MMs, and since then, 260,000 shares have traded at .016, and the 1 MM there hasn't moved, plus another few have hopped on. L2s now look like this:
2x.016 1x.017 1x.019 1x.02 1x.03 1x.04
So it's still pretty thin on the way up. Plus it was trading at over .04 just a couple of weeks ago. Should be good for a nice little pop with some more volume.
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posted
Well, the float is very, very low, so it can make big moves on low volume. Other than that, nothing is really "special" about it, but I'd love for you to show me an OTC or pink sheet stock that IS special.
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quote:Originally posted by PCola77: Well, the float is very, very low, so it can make big moves on low volume. Other than that, nothing is really "special" about it, but I'd love for you to show me an OTC or pink sheet stock that IS special.
try WWEN (good fundamentals), sljb...
-------------------- To reach hill top start from the top
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posted
PCola, what made you decide to buy in today? Last week this was .009........but then again, it was also up to .040 just before that.
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posted
I found it over the weekend when I run some programs to look for low floats. Wish I woulda saw it last week when it was .01 But I still think it will go up fairly significantly from .015 or I woulnd't have bought.
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posted
Okay, over a million shares have now traded, almost all of which at .016, and Nite still won't come off the .016 ask. This is definitely being held back. You can't even think that someone loaded up last week at .01 and is selling now, because there wasn't anywhere near a million shares traded in the last two weeks COMBINED.
When we get through .016 this should go nuts.
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posted
Thanks greenman. I was in a meeting for like 15 minutes with my boss, and all i could think of was, "Screw it, I'm gonna buy a bunch more when I get back to my desk to see if I can bust this thing through .016."
Now what was it that my boss said?...
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Exactly. I don't think many people here look for "special" stocks. Most play momentum and news.
