RE:RE:Retail Sell Pressurefrewil11 wrote: Day traders are retail , lol , with the size of the float it will be very hard to move up . JMHO
The size of the foat is not hard to move when institutions want to move the stock. There are lots of stocks out there with far greater shares outstanding and they move quite a bit when the institutions want to move them. So it is not very hard to move. We saw an example of what the institutions can do with this stock when it recently moved up to $0.28.
CBDT last year went from $0.04 to $2.50 with a similar amount of outstanding shares (333 million shares).
DML moved from $0.33 cents to $2.57 with 815 million shares outstanding.
WM moved from $0.06 to $1.35 with 882 million shaes outstanding.