No one can say how long a rally or buying surge will last Only We can observe it and it's quality
That was a strong move to .20 very good volume Was very substantial
Now those doing the buying then took the foot of the pedal... Those looking to sell..traders who jumped on at the end.....And the wave receded... at .105 I noted demand again and support.. So that was the signal to start accumulating again...Since then This has ranged sideways between .105 and .14
This is very normal behaviour...And it is this dullness that I choose to do My Buying..
No one can tell us when the next leg occurs when news or whatever triggers the next buying surge..
If it occurs from this range We may see new highs
We have here a micro cap stock... nearly all stocks are illiquid compared to cash and bonds... That is why they return so much more to investors
A company like GCN can bounce around + or - .06 and it mean nothing on it's own
But put volume price activity and context together and maybe we can see something..
I see real authentic demand behind the move to .20 (with a overlay of trader noise )
Now just a waiting.. till more what to get on board or news and developments arrive...
Form such dullness ... when ever it happens the next move will occur....
But Now you can buy at a discount Any sellers ( and there are not many ) have to accommodate the buyers..It is a buyers market at present Why wait to every man and His dog wants to buy ?
But there is a crucial difference
A trader never bought SSI at .12 Investors did...
traders never bought GCN at .03 But maybe at .20
So be clear what you want
potentially great ( fantastic investments ) at a discount
or High priced fun.......
peter L swan had a research paper published recently traders like the buzz of trading they pay for that buzz by dealing in high volume stocks that are fully priced..
A lonely $20 bill on the street does not interest them they need a throng to gather first then one will pick it up .. But not to put in His pocket .. But to pass it around to others and play catch...
An investor just needs His pocket and lonely $20 bills left lying around are just what He is about..
Ok in My judgement there are being offered ( discarded ) some GCN shares atm ...( traders ? who have given up on a throng gathering in order to play pass the parcel )
all one needs is a pocket...
Now who can stop time ? time eats things and changes all things news + developments how can they not come ?
And with them visibility ... volume and the traders game and the traders interest...
SSI is a perfect example
and still is is not a plaything of traders ( yet ! )
It is MY view that GCN will play a central role in SSI plans...
Some good reading
page 101 ch 7
Dull markets and their opportunities
Studies in Tape Reading Rollo Tape
1910 classic
( Richard D Wyckoff in reality )
If you search through google you can find some free e-book versions...
motorway
GCN Price at posting:
0.0¢ Sentiment: None Disclosure: Held