SYT General, page-1542

Technically, the classification for SYT isn't small cap so those referring to it as that are wrong.

If you read my post properly you would have noticed I wasn't focusing on the size of the company but the liquidity. To me small-cap or micro-cap is, as you pointed out, a technicality. There have been no liquidity issues with this stock, therefore the claim that small orders are going to impact significantly on the share price is wrong. Sure you can drop the share price briefly on a stock at the right moment or for one that trades irregularly or on small dollar value but any impact you or I can have on a share is dwarfed by those who have real influence when the appropriate circumstance arises. A long-term investor should be less concerned about the short-term swings and looking for reasons why the share price doesn't just go up, up, up but on the fundamental progress of the company and what it's management team are doing. This will have much greater far-reaching impact on the share price over this incorrect belief that long-term holders selling a small portion of their holdings have any great influence over the share price. So to summarise, two things to focus on as a long-term investor, fundamental progress and significant investor (institutional) interest. Don't concern yourself about the investor who believes about the long-term prospect, has bought a stack more then they intend holding long-term and selling some on the rise to reduce their base price and risk.