Exactly, young Dougster. This is why a few days back I was attempting to draw out conversation about the free float. There were some posting about volume and making assertions on that without factoring what is tradeable. My thoughts were that it would only take a smalltime retail holder to decide they wanted SGH off their portfolio, sick of looking at red, and they could send the SP down quick sharp due to little demand. Alternatively, if someone wants to give it a go they would have to pay up to get reasonable volume and send the SP up like rocket. Minuscule free float = either no movement or highly volatile.
The current state of play renders volume meaningless. Now if one knows something about what is around the corner then it could be worth buying and ignoring the noise - it really requires a good insight though! Um!
Add to My Watchlist
What is My Watchlist?
