(ASX:CVT) Volume

Well what an interesting couple of weeks it has been.

Of course anyone who has been in since November has seen a 3 in front of the price before. But this time I get the feeling its a bit different. Last time I think it was a bit of retail buzz on the back of the reverse listing and the publicity around TPG taking a big position.

This time I am wondering where the volume is coming from. At 4.7 mill today the volume just exceeded Westpac, Wesfarmers and Woodside combined. Smells like teen (American) spirit.

The thing I don't understand is where was the volume supply coming from? Because when you look at the depth right now (and I know that is not the whole truth and nothing but the truth) there's nothing there. NABTrade reports 12 sellers with 304K on offer through to 41 cents. Thats it??

Anyways like all good developers I thought I would write a bit of code to celebrate the day. It goes something like this:

using System;
using Google.Finance;
namespace CovataASX
{
class CovataInvestor
{
float currentPrice;
float floatPrice;
float todaysVolume;
float averageVolume;
string emotionalState;

public void calculateEmotion()
{
floatPrice = 0.20;
currentPrice = Google.Finance("ASX.CVT", "price");
todaysVolume = Google.Finance("ASX.CVT", "volume");
averageVolume = Google.Finance("ASX.CVT", "volumeavg");
emotionalState = currentPrice - floatPrice;
volumeIndicator = calculatePercentage(averageVolume, todaysVolume)

switch (emotionalState )
{
case > 1:
emotionalState == "Looking good";
switch (volumeIndicator)
{
case > 100:
emotionalState += emotionalState + " and fully pumped");
default:
emotionalState += emotionalState + " and okay with that");
}
case < 1:
emotionalState == "Looking sad";
}
public void Display()
{
Console.WriteLine("Covata investor is : " + emotionalState);
}
static void calculatePercentage(float top, float bottom)
{
calculatePercentage((double)top / bottom);
}
}

class ExecuteCovataInvestorEmotion
{
static void Main(string[] args)
{
CovataInvestor cv = new CovataInvestor();
cv.Display();
}
}
}

When executed the output is "Looking good and fully pumped". Just for laughs.

I'll believe it when we have some news and the price holds in or above this range.

GLTAH