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yanlin

6,305 Posts.

1793

11/01/19

10:29

Post #: 37089229
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Originally posted by yanlin ↑

The market depth build up over recent days has been fascinating to watch. The Buy side has slowly, but surely, been adding total volume and number of bids from an anemic level to a somewhat more balanced level (with respect to the Sell side). This is at the same time the Sell side has basically flat-lined or been held constant (in terms of volume and number of sellers).
This suggests the smart money is building and we are on the verge of a significant uptick in volume. Next week we expect to see the quarterly report, which will be a big catalyst for any renewed buying. We also could see an SDV update in the coming 2 weeks which will no doubt be huge in terms of buyer interest in the stock.
All-in-all, don't expect much this morning but look for some increased activity this afternoon and into next week.
As I stated previously, the market activity is eerily reminiscent of the activity in July/ August 2017....... and we know what then followed!!!

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Not log after I posted the above item, 200k was dropped off both the Buy side and the Sell side.
It's definitely being "worked"!

GXY Price at posting: $2.28 Sentiment: None Disclosure: Held
9 Upvote

0 Great analysis

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