When the valves float, they are basically bouncing around out of control and the rocker arms are no longer contacting the cam shaft, when this happens the lifters have no load on them and then some will pump full of oil. When the lifter is full of oil it will hold the valve off it's seat so basically dropping compression on that cyclinder. This is why the car will run rough, after a few minutes of running the lifter will then bleed back down and things will go back to normal. This is the good scenario, the bad one is if the valves bounce hard enough, the collets can dislodge and the valve falls into the combustion chamber, colliding with the piston and doing lots of damage.