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Green Plains Inc. Message Board

  • technical_rules technical_rules Mar 20, 2013 5:38 PM Flag

    Volume down and this stock is done!

    The trading volume has been shrinking rapidly in the past few days. Buying interest has disappeared. It will get harder and harder for the institutions to sell and get out. Slow institutions will not be able to get out of their positions at good prices.

    Sentiment: Strong Sell

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    • With the large short position / sellers and short covering may well balance out?? Personally short but always concerned about getting out on a low volume stock like this.

      • 1 Reply to quantify000
      • This stock does not have a large short position at all. Only 2.4 million shares are shorted with only 10% of the float shorted. In comparison, there are 70% of this stock still in the hands of institutions, and the institutions are the ones that are very eager in getting out of this stock. This stock crashed more than 60% last year from April to August. The institutions do not want to go through the crashing course again this year. They are eager to get out just like the insiders. The net selling of this stock from the institutions for the past quarter is 2.6 million shares. That is larger than the entire shorted shares, and their selling is far from done. And now the insiders are joining the dump too. Take the CEO most recent 25,000 share dump on 3/11 for example, if that were to happen today, it would represent 15% of the trading volume. It can move the stock down substantially. That is why I believe the thin volume will hurt the longs a lot more than the shorts.

        Sentiment: Strong Sell

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