2018 for me, and I dare say for every player in the small end of...

2018 for me, and I dare say for every player in the small end of the ASX has been brutal.
Many small stocks are 50-80% off their 52-week highs – nothing short of a crash. And every time they seem to have broken their downward spiral, they go on to set a new low.

Consequently, the first sign I now look for in a stock is relative outperformance. That, I believe is what we are witnessing in GEV at the moment.

GEV had a high at the start of 2018 of 47.5c and a recent low at 13c – a 73% pullback. However, GEV is now showing the relative outperformance I have been looking for for many a month.

Although the GEV share price, like many other companies, has taken a beating; I know that fundamentally the company is cashed up and management hasn’t been sitting on its butt twiddling its thumbs, but rather diligently building a company – a potentially very big company.

The Twinza deal is a potential company maker in and of its own, ABS approval is imminent and hopefully something will eventuate with India.

GEV has plenty of substantial newsflow and it wouldn’t surprise me to see a share price closer to $1 come Xmas than these levels. MB has done it before and he’ll do it again; and the current price action is perhaps the first sign that GEV – at least as far as it pertains to share price; has turned the corner.