@madanglighthouse how did you arrive at the figure of 65%? Its my observation that with most spec stocks the top 20 usually hold less than 50%. Recent IPO S66 has a free float of 25% of shares I think, and recent price action has shown that weak hands still control the SP in that circumstance as well. Although the action of day traders adds to volatility and they could also give the impression of weak hands.
Whats happening with the share price ?, page-15
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