RE:RE:RE:RE:RE:Protect Your Long Position and Restrict the Penny Day TraderMy initial point in this tread was that for an 80M+share float, 160 X 500K shareholders could own 85% of the company. Obviously we don't have that inertia amoung all shareholders. Still if there are a large group of large shareholders who tie up their shares with a high ask it will make new buyers pay a premium to buy these profits. You can easily change your high ask if you see a profitable exit point at any time. There are very few public companies with high NAV and low float that this strategy is even possibel with. Most of them are private. Comment if you think my reasoning ois flawed.
Cheers and Happy New Year.
SolexxX