Post by
fergus2 on Dec 11, 2021 11:00am
Last week
Interesting Friday in the markets and in fact, all week. After the rally on Monday, Jim Cramer (CNBC) predicted it would continue through the week, at least until Friday, - when the red-hot U.S. consumer price index would derail it. Low and behold, major indexes Friday shrugged off the highest CPI reading in nearly 40 years!
In GSI, we had our feet to the fire all week, - until Friday noon, when it moved off its bottom (.495) in late trading to close up .02 cents over Thursday.
Keep in mind the that the .49 level that we saw Oct 5th has not as yet been breached, although the .495 of Thursday/Friday certainly brought it close.
My recollection of the Oct 5th GSI low was .49; however now I see it listed at .47. How can that be? Is there a subsequent reconciliation with other exchanges? Can someone answer that question?
Though I pointed out the doji candlestick Oct 6th, in a later post I boldly predicted that we would never see the .49 level again. Tropicalsun disagreed, -and he was right. It did return to the forties, but it did not go through .49 and I will now confine my remarks to saying that Oct 6th merely signaled a change in trend, - to up, though it remains to be seen
Re Friday’s GSI trading: there was a solid buy of 17,000 shares around noon hour at the .49 level lifting it to .50 and then another significant buy of 28,500 shares just before 2:00 PM taking it from .50 to .52. On a hunch I would say those 2 buys were linked and perhaps yet again to at least one of the smaller buys that occurred afterwards towards the close. Those 2 purchases yesterday were boldly executed and with conviction. Whoever you are I tip my hat to you!
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I realize that tax loss selling technically concludes Dec 30th, but I am optimistic we will see GSI share price come out of its doldrums before that date.
Comment by
Pandora on Dec 11, 2021 1:09pm
p.s. Stockhouse "Price History" is the Venture Exchange only -- which you have likely determined already.
Comment by
Ciao on Dec 11, 2021 11:23am
The last day for tax loss selling is Dec. 29. I wouldn't be too concerned about that day more so than the release of year end results which would likely occur before then. I dont expect to hear too much in the MDA beyond what has already been said about all the work they are doing in the background to the point of just waiting for contracts to come in.
Comment by
fergus2 on Dec 11, 2021 12:09pm
Thank you for your corrections and comments Kidl2 and Ciao
Comment by
kidl2 on Dec 11, 2021 4:07pm
lastpick: Fractional trades don't show in trading stats and rightfullyso.
Comment by
fergus2 on Dec 11, 2021 5:50pm
Really fascinating lastpick and Kidl2 that a fractional trade could get filled so far from the conventional bid and ask. Fergus2 won't dare speculate on the possible reasons that this could occur. It will save me from having the market makers having a good laugh at my expense. ha But Kidl2 i agree, such trades have little condequence.
Comment by
lastpick on Dec 12, 2021 10:01am
I think someone with a tiny share holding put in a market order which is a no no unless you are desperate to sell your tiny holding! The market makers keep on eye out for market orders so they can make a quick buck at one's expense. Also may have been a partial fill after a larger order was executed at market.