WestaimStock is consolidating nicely at a very narrow range on lower than normal volumes.
Griffiths volumes since May 19 till present are 796K bought, 488K sold. Interestingly of the 488K sold 449K were inhouse crosses. That means that only 39K were sold to other houses. Retails investors taking a little profit, insignificant amounts. Giffiths was retained by Westaim to promote them and these numbers suggest that they are telling their clients to load up.
Any positive announcement at all and it will be over 5 bucks in a heartbeat.
I am not a very knowledgeable chart reader, but the Bollinger bands have tightened quite a bit which is usually a precursor to a sharp movement. Would appreciate someone who is good at reading charts, take a look and post their opinion.
We are going to make good coin on this one. Trouble will be knowing when to sell. Maybe we will be bought out.
later
geno