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I thought floating was usually OOP?

Such as you being first to act in the hand and check/calling flop and firing turn?

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thats a stop n go.

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I don't think that's right. A stop n go is a tournament tactic outlined by fossilman, where you call preflop and shove the flop regardless of the cards. It's intended for shorter stacks to get a fold from your opponent when it is almost certain he would call your shove preflop. It's supposed to have more fold equity.

What melon outlined is a 'float'. And I think doing this out of position is almost never correct.