GREY:QSLRF - Post by User
Comment by
mercurysmithon Sep 04, 2013 12:53pm
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Post# 21717819
RE:continuing evolution of solar
RE:continuing evolution of solarThanks illumination. One last insight. It seems Q doesn't need much volume to do significant s/p increases--perhaps because so much of it is insider owned, there are not that many people selling shorter term.
During the 7 months from October 2012 through April 2013 the s/p increased from .17 to 1.20 (a 7 bagger). There were 144 trading days during those 7 months, yet only 18 of them had more than 100K shares traded (and most of them were barely over 100k). Higher share volumes traded are possible with lower share prices ($1 buys 5 shares at .20 but only 1 share at $1.00).
During those 7 months the $volume steadily increased. There were 29 $volume days over $50k, but 29 is not too many given it was a 7 bagger durring that window of time. Then the EU dispute came--for example in the past 4 months (May - Aug 2013) there were only 8 trading days with more $volume than $50k, yet during those last 4 months the s/p dropped from $1.20 to .79. In short,this is a two edged point--it doesn't seem to take too much volume to significantly change the s/p upwards or downwards. Like I said earlier, I really do like this company, but it all depends upon how well they can now market their unique product in China and other non-EU locations such as the USA.