What is the FLOAT of a stock?
Oct 19, 2019
2 min read
What is the Float of a stock, I get asked all the time?
I'll show you by definition and example below. Read on...
The amazing picks over the last 2 weeks in the Mojo Day Trading Chat Room keep adding up. Over the last week we hit the following trades...
Here is a Free Invite to the Mojo Chat Room
Please accept this FREE Invite = https://discord.gg/FNG4PT4
Friday, 10/18/2019 we hit $BNGO from $1.85 to $3.50
we hit $BIMI from $2.50 to $13.00 on 10/15
we hit $YUMA from $3.70 to $4.70 on 10/15
we hit $SES from $3.15 to $26.00 on 10/15
we hit $VIVE from $3.30 to $10.80 on 10/16
we hit $DTSS from $1.50 to $7.00 on 10/16
we hit $BNGO from $1.50 to $4.00 on 10/16
we hit $TOPS from $3.30 to $4.80 on 10/17
Another good thing about this is I have made LIVE trading shows on You Tube memorializing all these historic movers.
Here are a few examples of past recent winners that I picked for traders in Mojo chat room that showed 3 basic characteristics right before they made big moves.
The stocks are moving big because of 3 factors:
1. Big volume trading 1 million shares before the opening bell at 9:30 am
2. Low float stocks under 5 million shares
3. News catalyst
You can see this pattern is very powerful and profitable.
Here is a look at what the floats look like on these stocks...
What is the FLOAT of a stock?
The float of a stock is the number of shares available for trading of a particular stock.
Low float stocks are those with a low number of shares.
Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm’s total outstanding shares.
Closely-held shares are those owned by insiders, major shareholders, and employees.
Restricted stock refers to insider shares that cannot be traded because of a temporary restriction such as the lock-up period after an initial public offering.
A stock with a small float will generally be more volatile than a stock with a large float. This is because, with fewer shares available, it may be harder to find a buyer or seller. This results in larger spreads and often bigger moves when volume goes into the stock.
All the stocks that have made over 100% intra day moves all had low floats. Tale a look here...
ATIS FLOAT HEPA FLOAT SES FLOAT2 VIVE FLOAT YUIMA FLOAT TOPS FLOAT
Traders there is nothing better than buying one of these low float winners in the morning and selling it for a 100% win!! Doubling your money in one day is insane!!
Keep it profitable and I'll see you in the chat room.
ProTrader Mike
P.S. If you want to become a member of the chat room I have a special 30% Off the regular rate.
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