If Cramer had anything to do with the reco I might need to bail LOL. Maybe he mistook it for a gold producer :).
Of course, this cant be posted on Yahoo because its still in the dark age of the internet, even in spite of paying Marissa Mayer about 40 million a year and a 55 million severance package to leave.....
Anyhow, I re-tweeted thestreet buy recommendation. Probably explains the recent volume.....
A solid Q1 report should put this at/above 2.50 depending on earnings and language in PR, regardless of a gap in the chart at that price level, imho.
After the earning I think we try and fill the gap from last year and head $2.50+ or if its bad I think we get back to 1.50 or less.
One way if not in GV (I am long around $2 looking for $3 but have for a long time)
The May options 2.50 are $.10 so if you don't want the risk of 33%+ on the stock and maybe 25%+ on the upside. The options maybe an interesting option. Little risk (of course the whole amount but at .10 current ask can have some decent leverage I believe not doing it myself as I don't do options but I would take a flier on it if I had an options account. Earning should be out about a week prior to option expire.
Nasd indicating no short interest, while shortsqueeze shows 30,100. FINRA report it daily buts its a hassle to interpret.
I looked it up as well and Nasdaq hasn't published it. The dissemination date for 4/15 was 4/26 according to the Nas publication on reporting.
Stops would likely be at/around $2 or just below. All one would have to do to hit them would be several market sell orders taking them out. What would the motive be? I think the motive would be accumulation at a lower price....
NASDAQ shows no shorts for period ending 4/15...I have no way to know what is the current short count.
I think you are right.. Looks like someone is hunting for stop loss orders...The bad thing is with GV being a microcap it takes few hundred stocks to manipulate it...
Sentiment: Strong Buy
Goldfield only needs to capture less than 1% of the 20 billion annual capex on transmission to ramp revenues to $200 million per year.
2015 revenue was $120 million.
All on 100k volume........I have watched this stock for a very long time, and have never seen price action this choppy!
Or is it a tug of war between longs and shorts? Short interest still very low....
Agreed, as long as they don't over-extend/become over-levered, but I think the lesson was learned by both the company and the banks in the crash of 07/08.
In the past Fidelity did not show a rating for GV due to "lack of information". Now they show 4 ratings from 4 different firms as of last week of April 2016, one Outperform, one Buy, and two Neutral for an average score of 7.1/10. Why these firms started rating GV now? Do they see an industry trend ? New contracts coming up ? I think this is very positive for GV and may have contributed to more people becoming aware of its potential, and to the heavier trading observed in the last few days.
Sentiment: Strong Buy
The volume is not consistent, which leads me to think it might be one large buyer and day-traders following. Another observation is the trading is very very choppy with wide price swings. Its impossible to tell if its specialist/market maker or HFT firm hitting stops to bring that liquidity back in or if its shorts pounding the bid on any run up. HFT firms pay for data showing where stops are, and its only available to the market pro's and not to us retail peasants.
Electric Transmission Investment Averaging $20.2 Billion Annually Through 2020
Great article in Power Grid International April 2016 edition....with update on North American Transmission Projects(for 2016, 2017 and 2018). Mind boggling amount of work bullish for entire sector.
Might be a smallish hedgie trying to muscle in and push for a sale? Can always hope but they'd need a lot bigger position. :) Might just be a smallish fund buying in.
You must excuse my saying that this type of volume has never happened with the stock before. Of course it did happen several years back when the stock had it 's huge run, but I think my general point is still valid.
This seems much more than just a pre earnings run up for a little followed micro cap.
This has traded 1.4 million shares in the last 3 market days on no public news.
A few months ago it was trading 30k to 50 k shares on an average day.
As far as I can tell this kind of volume has NEVER occurred without news before. As far as I can tell it has never occurred even with news either.
Looks like the new Savoy development has 4, million+ units reserved, and several more available. Looking forward to real estate making a more significant contribution to the bottom line.