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Gevo, Inc. Message Board

  • mick.2126 mick.2126 Aug 7, 2013 9:31 PM Flag

    Volume

    Im actually surprised. Only a few daytraders flinched today. A very good sign she wants to right herself.

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    • I watched the volume and both up and down this week and you are seeing less and less of large block trades, say 10k and higher. Most of the down stuff yesterday was smaller hands letting go after the morning purge. On the bad side was buying volume above the open price was almost dead. Stock just sat there at 1.88 with no takers.

      This is a way of stating what normal basing action accomplishes on a chart. And why you hear the saying, the wider the base, the higher in space. Transition of ownership has to occur to eliminate upside resistance.

      The downside is that strength at the 1.80 level was punched, so we still could lower the trading range again for awhile. The gap can still be filled at 1.73.

      Sentiment: Hold

    • I did not see any bad news in the CC to have created the fall it did yesterday...seemed to have been a determined effort by the 'sharks' to feed on cheap stock till they were stuffed.

 
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