CB Richard Ellis (CBG)
Makes a
31% Move in 13 Weeks

Two stock charts appear below. The first chart shows how the stock looked when we sent it out as a Stock Alert buy recommendation.  The second chart shows the resulting price move. The purpose of these charts is to demonstrate the principles of Float Analysis and the power of Float Charts. 

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Float Turnover Theory (The Basics) - When a company comes public it issues shares outstanding.  The management always holds some percentage of these shares.  What's left over and is sold to the public, is called the float or floating supply.  Float Charts are all about tracking the floating supply in an attempt to see where the Smart Money is buying and selling. The gray rectangle on a Float Chart is known as a Float Turnover and changes day to day like a moving average.  It shows the least amount of time it takes for the entire float to change hands once.  The total amount of shares traded during the float turnover equals the floating supply.  We simply add up the number shares that traded over a given time frame until it equals a stock's float number.   Imagine a stock's price that comes down and then the price goes sideways for one float turnover.  The idea here is that during the sideways move new ownership has bought the float hoping that the price will move higher.  Once the float is accumulated and held tight, any new demand drives the price upward.  Then during the move to the upside support comes in at the mid way point known as the 50% Float Channel Line (see chart below).

CB Richard Ellis (CBG)
ABC Float Set-Up

CBG came public in June of 2004.  It took until November of the same year for its entire float to be sold to the public.  From there it moved higher until a correction started in early February 2005.  The correction lasted until April 18th, 2005 when the price found support at its 50% Float Channel Line (see chart below).  As it was just beginning to bounce higher we sent out an alert.

As you can see from the second chart below, our call was right on the money.  The airline group did move and America West was a leader in the move.  In the next 13 weeks, it moved up up 31%.

Who says you can't time the market!

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A 31% Move in 13 Weeks

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