For the past couple of weeks we have seen an increase in overall volume. Even if movement has been limited, we can appreciate the fact that more and more large blocks were bought by some investors.
At the same time, many penny flippers have quit the boat...and that is normal and great.
I think TVI is in the process of replacing many day traders with long term investors and we can see that reflected in a huge volume bought (unless i am totally wrong more than 75% were bought at ask price) and feeders were almost timed to add some 100' s of thousand shares whenever ask price was moving to another level (example from 0,115 to 0,12) and the reasonning is that they want to get out. Not because there is no future in TVI but money was already made. They have a well time logic and this is how they earn their living.
So i suspect that we will see in the coming days a share price movement bigger and bigger for the same volume of transactions. If that was to be the case, we should be out of the mud when we hit 0,13 and mid next week after the next shipment is announced seems probable (eralier would be great also...)
We are starting to see the effects of Rhonda marketing all around the world and as a matter of fact they are again in the USA this week (i believe) with i am sure many meetings with investors. She is definitely doing everything she can to push TVI story forward and remember that she as a great story to talk about. (won't go into details as you know how i feel about TVI and no i do not wear pink glasses tonigt). If you look at the charts (i know i am not a technical guy at least not actually due to market conditions) you will see that TVI is well above the 20, 50 and 200 moving average. Very bullish...Even american bulls issued a confirm BUY on oct 18th.
Rest of the week will tell the story but we can certainly appreciate the volume inrease recently. By the way OTCQX volume today was 425,900 and i would guess that many trades went directly to the TSX because of the OTCQX ask were higher.
Again i maybe wrong but last week a large block was sold (about 750K shares) to 1 customer (based upon the timing of the buy and the number of transaction at that time) but even then it repressents only 75K$.
Now imagine that during all those marketing meetings they were able to convice 1 or 2 hedge funds or institutions how would the share price react??? If they were only to invest 500K$ if would represents close to 5M shares at once. Now multiply by 2 or 3 large customers, well you get the picture.
Remember also that what investors (the large ones) have mentionned over the last couple of quarters was that TVI needed to increase mine life. This is exactly what happened when TVI bought the rights to explore the new Canatuan areas. So i believe that now is the time for them to get on board and THEY WILL. They can smell the odor of money miles around and TVI is a great investment for investors who can wait 1 or 2 years.
Even then, if you bought TVI at the end of august (60 days) you have already made 60% return on your investment. Not bad at all.
May it be the start of a great leg up??? I believe so.
Do not forget my friends at:
http://www.mystockbuddy.com/
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