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Bullboard - Stock Discussion Forum Nano One Materials Corp T.NANO

Alternate Symbol(s):  NNOMF

Nano One Materials Corp. is a clean technology company with a patented, scalable and low-carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. It specializes in the production of low-cost, high-performance cathode active materials for lithium-ion batteries. Its technology is applicable to electric vehicles, energy storage, and... see more

TSX:NANO - Post Discussion

Nano One Materials Corp > THE APPROPRIATE CONSIDERATION OF PRICE AND VOLUME
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Post by Starsearcher80 on Jul 26, 2023 10:57am

THE APPROPRIATE CONSIDERATION OF PRICE AND VOLUME

I'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
House Bought $Val Ave Sold $Val Ave Net $Net
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
House Bought $Val Ave Sold $Val Ave Net $Net
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.  ;)
Comment by SoyCalifa on Jul 26, 2023 12:10pm
Hello, many thanks for your well-written and informative post. I have been wondering about possible interpretations of low trading volumes in relation to share price movement (or absence thereof), your observations provide some valuable insights in this regard. If you don't mind me asking, where do you go fishing for the itemised buy/sell volume and price info that you present in your piece? I ...more  
Comment by Starsearcher80 on Jul 26, 2023 12:22pm
There are different fee based services available. Years and years ago, I started with stockwatch.com, and still use them as their info is easily accessable, and I'm just used to it.  Old habits die hard.
Comment by Urallsheep on Jul 26, 2023 12:22pm
Low trading is because there is zero interest in the company or its technology.  That's the only reason let's not sugar coat anything  
Comment by contrap127 on Jul 26, 2023 12:42pm
"What we can say at this moment if that there is 110 Million shares out there, and NO ONE wants to sell them." Absolutely right! Who wants to acquire a larger position in shares at the moment here should now and in the near future to be able to do this only in small numbers at clearly higher prices. As always excellent contribution starsearcher80!
Comment by TheProphetElijah on Jul 26, 2023 12:54pm
cracked 3.45 today, but can she hold, plus only 18k volume?
Comment by TheProphetElijah on Jul 26, 2023 2:55pm
Can't get over 3.44, the illuminati is holding it down and playing it like a yoyo.
Comment by Starsearcher80 on Jul 26, 2023 5:51pm
Exactly as I predicted, you have no capacity to offer any rebuttal whatsoever.   Time and time again, you only out yourself as a person who just isn't up to the challenge.  It's all truly cringe-worthy, don't you think? 
Comment by Urallsheep on Jul 26, 2023 5:54pm
Only thing is price and volume all you need to know