I ran my sums over DYE in the early days...deciding that if what I thought was happening was in fact happening, that $1.50 would be a possible best-case short-term high side target.
As we know now...I was a little out...lol, I'll take it however.
SOO is a completely different situation...however, there are some similarities worth considering.
Both have new shares entering the market...for DYE it was the escrow release and a few options conversions...in SOO's case, we have the spp.
Both are lifting from a low base in terms of market cap...especially on an international scale.
Both have exposure to the exponentially growing renewable energy sector...in particular, solar.
Both are also listed on the German bourse...which just happens to be jumping on the back of anything "solar" at the moment.
Both have relatively few shares freely trading in the market.
Both have the same number of share on issue in total (approximately)
Both have come off literally no market liquidity for their stock.
The list goes on!
In particular, I find the shares on issue and relatively illiquid market prior to the rise of greatest significance.
Such scenarios make the stock susceptable to being overpowered by a relativelysmall number of serious investors/traders.
Anyway...assuming a similar scenario to DYE is unfolding here, I have a short-term target of 81c...hopefully this is a little underdone as it was with DYE.
By the way...the patterns today are earily similar to DYE's in the first few days...gap up...heavy trading near the top...lots of little orders playing around like pawns in a game of chess...and the obvious attempt to drive it down, usually with well timed at market sales, but typically with insignificant volume.
"They" are all over this today...Big BIG buy signal in my opinion.
I'm in (26.5) for my first lick...and looking to buy more before the close in expectation of a gap up tomorrow.
Cheers!
GOE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held