GRK green rock energy limited

Buyers are accumulating again and the sellers are not loading up...

  1. 733 Posts.
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    Buyers are accumulating again and the sellers are not loading up offers. The stock is getting ready to gog pop soon.
    GRK has for the last 3 months had periods of intense buying which makes the shares shoot up quickly. As the volumes and previous technical levels of resistance are taken out, this rise this brings in more traders whom in their rush drive the stock quickly. What we have seen is a pattern of rising highs and rising lows. In the middle are periods like now where traders have lost largely lost interest and have sold out or moved onto other plays. In recent times, the sellers pile out and patient investors slowly chip away and buy here and there. This is eveidenced buy the apparent inability of the stock to sustain really serious downward movements. Support keeps coming back into the company. It is moving up in steps. It seems the steps are about 4-5 cents from high to high.

    I have also been doing some work on who is buying the stock. It appears that about 40% of volume rests with online brokers, practically zero with institutional brokers except Goldman Sachs and there is a smattering of about 9 retail brokers (both small 10 dealer shops and mid Tier firms). It is good to see a broader range of brokers coming into the stock. It bodes well as the company is unresearched except fro a small note by Hogan's in Perth. More volume and volatility will bring more brokers into the stock and hence I suspect that the process will continue untill some degree of parity with the other listed companies becomes apparent. Fundamentally the stock is undervalued and apart from the internet investment community, largely unknown.
    This won't last for much longer.
    enjoy the ride with this sector.
    omg


 
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Currently unlisted public company.

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