THE APPROPRIATE CONSIDERATION OF PRICE AND VOLUMEI've long held the belief that weak-minded people just say the same irrelevent things over and over, with no context or colour whatsoever. Alas, they just don't have the brainpower available to offer anything with meat on the bones, so they just repeat themselves ad-naseum to garner negative attention. It's a desperate person who somehow feeds on this attention, and really only is a testiment to their own lack of abilities in so many ways.
But let's have a better discussion of price and volume, and see if our resident Clown can offer up any valid rebuttal. I haven't even finished this post, but will go on record saying that he will offer nothing of value whatsoever. Some things are just a pre-determined given.
Volume: It's easy enough to see that the volume at this moment is very light. Is that a problem? No, not at all. Volume is either initiated by buyers or sellers. What we can say at this moment if that there is 110 Million shares out there, and NO ONE wants to sell them. Furthermore, in recent weeks the price has risen about 25-30%, again on low volume. This is actually a GOOD thing, and suggests that shares at, or anywhere near current levels, are held tightly. Furthermore, this rise has come on no news. We all know Candiac is coming on line in the coming weeks/months, so this buying is primarily anticipation buying....new money coming into the stock, attempting to buy from those who are clearly hesitent to sell. This is shown by the that 25-30% rise in price.
So as much as big volume says things, so equally does small volume. To recap then:
1) The float is tight.
2) Sellers, even with a 25-30% rise, are not winning the battle, and are (obviously) being outweighed by buyers.
3) Any positive future positive developments will vault the stock forward strongly. And there is any number of news points coming up. Candiac start, offtaking, OEM assesements, revenues, Candiac 2, governement funding, Nasdaq listing. All of these will create strong updrafts to the stock.
4) If anticipation buying on low volume can cause a 25-30% gain in just a few weeks, it shows clearly how tight the stock is held.
This is also shown in the net buying/selling over the past month. Here are the top 2 houses buying ove the past month. I've highlighted the net amounts
| House Positions for C:NANO from 20230626 to 20230726 |
| 7 TD Sec | 529,870 | 1,742,595 | 3.289 | 307,786 | 1,004,750 | 3.264 | 222,084 | -737,845 |
| 1 Anonymous | 1,082,235 | 3,533,714 | 3.265 | 963,458 | 3,152,291 | 3.272 | 118,777 | -381,423 |
While TD can be more retail oriented, the buying in the past month is substantial. Also of note is the fact that the second largest buyer is House 1 "Anonymous". This buying is also substantial, and House 1 is typically Institutional buying which is great to see.
Now, if we go over to two biggest sellers, there just isn't the same volume or level of organization.
| House Positions for C:NANO from 20230626 to 20230726 |
| 33 Canaccord | 25,245 | 83,399 | 3.304 | 86,510 | 279,150 | 3.227 | -61,265 | 195,751 |
| 2 RBC | 187,635 | 605,030 | 3.225 | 268,834 | 869,864 | 3.236 | -81,199 | 264,834 |
These volumes of sellers are significantly lighter, and also show no signs of Institutional involvement. Again, great to see.
PRICE: The price currently shows to be in balance, with no particular motivation one way or another. First, let's go back to the 25-30% rise of the past few weeks. Now THAT is price movement that can't be ignored. And again, that was done on essentially no news, and thin volume. Again, this fully supports the idea that a) the Float is held tightly, and b) the buying is anticipation based.
That the float is tight, and there is an abscence of sellers, also suggests that as news comes out, the stock will move up strongly. If sellers were motivated, they would be selling now...but they're not. And the round of multiple positive news releases will only bring in more substantial buying.
Another phenomenon is that different segments of buyers come in at different times. For example, some funds won't buy a stock below $5.00 as a threshold. Some people won't buy a stock pre-revenue. There are many more examples as well. But as these thresholds are crossed, and in Nano's case they will be, we're going to see entirely new segments of the market come into the stock. This of course propels the price, and of course the volume.
Clowns of course, don't understand any of this. They only attempt to say "price and volume" without any context. Well newsflash. By the time you've seen the price and volume you want, and you will see this, it will be far past the opportune time to buy. But hey, I really don't mind. Time it right in your own mind, and buy at the very top when everyone thinks this is the best stock ever, and I might just be the one selling to you. ;)
Now, watch for the complete lack of valued rebuttal from "he who does not need to be named". Honestly, this is like shooting fish out of a barrell. ;)