I like to do random volume analysis when i am bored and today i am playing with SPIR. If you read the financial pages of this company it's a real bad read.
Surprisingly it's breaking out to all time highs. The last two press releases are all I could really find and one is about them setting up a large solar wafer making plant in Portugal. So they help big companies get into the solar game... maybe that's why it's $14.
Going back some you will be surprised to see that the company has been around forever and eight years ago regularly traded 8 million shares. Alas the last big day was July 05 when it traded 12 million shares. It's been dead, dead, dead. The biggest volume up day was Jan 15 of this year 204K. Then between this Sept 20 & 24 it got a series of good days based off aforementioned press release, a 126 K day and a 382K day on Sept 24th. Since then very low volume not even pulling back. No sellers. This certainly deserves more DD and more volume but were this to pick up a 600K plus day this week I might have to take a chance with this " green " play. ~ stoney
Surprisingly it's breaking out to all time highs. The last two press releases are all I could really find and one is about them setting up a large solar wafer making plant in Portugal. So they help big companies get into the solar game... maybe that's why it's $14.
Going back some you will be surprised to see that the company has been around forever and eight years ago regularly traded 8 million shares. Alas the last big day was July 05 when it traded 12 million shares. It's been dead, dead, dead. The biggest volume up day was Jan 15 of this year 204K. Then between this Sept 20 & 24 it got a series of good days based off aforementioned press release, a 126 K day and a 382K day on Sept 24th. Since then very low volume not even pulling back. No sellers. This certainly deserves more DD and more volume but were this to pick up a 600K plus day this week I might have to take a chance with this " green " play. ~ stoney