Posted On: 09/23/2013 12:12:22 PM
Post# of 2217
Comprehensive chart discussion---
The chart below shows the stock for the four months since the Israeli joint venture agreement was announced on 5/23/13. Stock sold below .003
has been insignificant and from observation I believe that has been mostly wash trading. Most of the volume has been between .003 and .0045
and the previous intraday chart shows that this is holding.
Note the significant sales at .006 - I believe the stock was heavily shorted in this range in order to cap the run.
Further examination of the eight days of trading after the 5/23 announcement seem to confirm the belief that the stock was capped at .006.
Note the large gap in volume between .0035 and .006.
In the eight days of trading prior to the JV announcement there were our press releases.
I believe the company did this intentionally to pressure those that would manipulate the stock. During this time the stock price
moved out of the .0010 - 0015 range and the chart seems to indicate an attempt to hold the stock below .002. but this resistance
was broken at .003 on 5/22, the day before the specifics of the Israeli joint venture were announced.
I believe the company's PR strategy paid off and this is why the stock has build a strong base at .003, the pre-5/23 point
of resistance.
The chart below shows the stock for the four months since the Israeli joint venture agreement was announced on 5/23/13. Stock sold below .003
has been insignificant and from observation I believe that has been mostly wash trading. Most of the volume has been between .003 and .0045
and the previous intraday chart shows that this is holding.
Note the significant sales at .006 - I believe the stock was heavily shorted in this range in order to cap the run.
Further examination of the eight days of trading after the 5/23 announcement seem to confirm the belief that the stock was capped at .006.
Note the large gap in volume between .0035 and .006.
In the eight days of trading prior to the JV announcement there were our press releases.
- 05-21-2013: GeckoSystems Reports First Net Profits.
- 05-19-2013: GeckoSystems Forecasts Licensing Revenue for Foruth Quarter Venture.
- 05-16-2013: GeckoSystems in Final Negotiations for AI Mobile Robot Joint Venture.
- 05-15-2013: GeckoSystems Signs MOU with iXs Robotics of Japan, prepares for Japanese production of MSRs.
I believe the company did this intentionally to pressure those that would manipulate the stock. During this time the stock price
moved out of the .0010 - 0015 range and the chart seems to indicate an attempt to hold the stock below .002. but this resistance
was broken at .003 on 5/22, the day before the specifics of the Israeli joint venture were announced.
I believe the company's PR strategy paid off and this is why the stock has build a strong base at .003, the pre-5/23 point
of resistance.
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