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Identiv, Inc. Message Board

  • birdiebinger birdiebinger Jun 25, 2013 12:20 PM Flag

    Why all the volume?

    At least it's upside volume...

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    • If you look at the chart from last year around October 1st, there was a period of 4 days where it ran from .80c to 1$ over increased volume but it was nothing like this amount of volume this quick. I understand the run back to 1$ both now and then, it makes sense, the stock was oversold both times and in my opinion (and aparently that of many others) it was easily worth more than 1$ so you get a quick run up on an obvious play.

      I see about 2M shares that were transacted this year around 1$ from the period 4/25 through 5/13. We transacted 2M shares yesterday and 500K so far today. If we move through 1$ and stay there within the next million shares over this week then I'd say its highly likely to hit $1.25 area within the subsequent 2 months.

      If we don't push through 1$ in the next million shares, I can see it falling back to 75c, and that seems rather ominous given that you have so many people willing to sell at a loss for 1$, hopefully we don't see that kind of resistance or a new 52 week low could happen quikly. All these people buying alongside this huge entity in the 1$ range are going to sell off their shares quickly and there isn't generally a significant amount of support, this moves quick.

      • 1 Reply to aprivateinvestory
      • Yes, this is a typical pattern I've noticed with Identive Group. They toss out an article about a “new technology patent” and then some the bozo reporter, in this case from the Wall Street Journal, publishes it. Next thing you know a spike up past the dollar safe zone and out of delisting hot water. This is an easy tactic to do because the SEC doesn't understand it. Read the WSJ article carefully, it says nothing about “sales” or “revenue” just a “new patent”. Watch the pattern; you’ll this happen again and again when the Identive Group stock starts nearing the delisting deadline.

        Sentiment: Strong Sell

11.02-0.11(-0.99%)9:38 AMEDT

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