GeckoSystems Intl. Corp. (GOSY)

[XenaLives]

When I look at the chart I see something much more intersting.

The chart below is a one year three day chart. I used the three day setting for smoothing.

The last time this stock had any appreciable liquidity was in late December to early January. Most of that stock traded close to the one cent level. All of it traded over .007.

The A/D on the chart takes a steep move down in the middle of this run. IMO - this run was shorted, a reasonable assumption because that's the way the MM's and hedgies usually play pennies.

 
 12/16/10	0.0075	0.0075	0.007	0.007	166700 
 12/17/10	0.0075	0.0075	0.007	0.0075	66800 
 12/20/10	0.009	0.009	0.0075	0.0089	33000 
 12/21/10	0.0089	0.0089	0.0089	0.0089	100000 
 12/22/10	0.008	0.0095	0.008	0.0095	847600 
 12/23/10	0.008	0.0085	0.002	0.0075	4450700 
 12/27/10	0.007	0.008	0.007	0.008	382500 
 12/28/10	0.0084	0.01	0.0075	0.0075	1413000 
 12/29/10	0.0084	0.0105	0.0084	0.0099	1530500 
 12/30/10	0.0085	0.01	0.0085	0.01	509700 
 12/31/10	0.01	0.013	0.0085	0.0098	4548900 
 01/03/11	0.01	0.01	0.008	0.0086	808800 
 01/04/11	0.009	0.0119	0.0085	0.01	3350900 
 01/05/11	0.011	0.011	0.0081	0.0082	208300 
 01/06/11	0.0098	0.011	0.009	0.009	1758200 
 01/07/11	0.0086	0.009	0.0082	0.0086	1145500 
 01/10/11	0.0095	0.01	0.009	0.01	598000 
 01/11/11	0.01	0.01	0.0089	0.0089	124200 
 01/12/11	0.01	0.01	0.01	0.01	3000 
 01/13/11	0.01	0.01	0.01	0.01	500 
 

If you look at the boxed in area on the A/D indicator you'll see that it went back up a bit late Feb to early March and the price stayed pretty stable.

The last few days of March and the first two weeks of April volume jumped and the stock tested .005 During that time the A/D bottomed out. I think the stock was shorted down to break the .007 support that we saw during December and January.

In May the stock stabilized between .005 and .006, holding support. Volume dropped to almost nothing by the end of the month.

The first three weeks of June volume jumped up again. On the first day of increased volume, the third .005 support was breached. I believe it was breached by short selling.

On the 17th over three million shares were traded. The stock went down to .0021 but opened and closed at .0055. This is called "running the stops" or "shock and awe". On that day the A/D line started moving up and it has been on an uptrend since then. I believe that is the day the shorters started to realize that they weren't going to be able to make a profit and they started covering at every opportunity.

Remember, they had to start shorting at over .007 to break that first support level.

On June 17 there was no bad news, the stock was holding support and stable, so there was no reason for anyone to panic sell. The fact that the stock went right back to support and only $1000 dollars worth of stock was sold in the next few days makes me think that there are NO TRADERS in this stock.

A little volume came back on the 23rd and 24th and the stock broke support, going as low as .035. I think volume was just wash trading and shorting if a buyer came along. $500 worth of buying in the next four days brought the stock RIGHT BACK TO .005 support.

Note that the volume weighted average price (VWAP, the green line) sits at just over .007 which was the first support they tried to break. It seems that all of the attempts to break the price support on this stock were smoke and mirrors.

06/01/11	0.006	0.006	0.006	0.006	100000 
 06/02/11	0.006	0.006	0.006	0.006	15000 
 06/03/11	0.0055	0.006	0.0047	0.0055	320500 
 06/06/11	0.0055	0.0055	0.0055	0.0055	0 
 06/07/11	0.0049	0.0054	0.0049	0.0054	294900 
 06/08/11	0.0054	0.0054	0.0047	0.0047	303100 
 06/09/11	0.0048	0.005	0.0048	0.005	905000 
 06/10/11	0.0048	0.0048	0.0048	0.0048	139300 
 06/13/11	0.0041	0.0048	0.0041	0.0048	128900 
 06/14/11	0.0041	0.005	0.0041	0.005	110000 
 06/15/11	0.005	0.005	0.005	0.005	0 
 06/16/11	0.0052	0.0055	0.0052	0.0055	103800 
 06/17/11	0.0055	0.0055	0.0021	0.0055	3099700 
 06/20/11	0.0055	0.0055	0.005	0.005	188000 
 06/21/11	0.005	0.005	0.005	0.005	0 
 06/22/11	0.005	0.005	0.005	0.005	0 
 06/23/11	0.0035	0.004	0.0035	0.0035	251500 
 06/24/11	0.0038	0.004	0.0035	0.004	529500 
 06/27/11	0.0035	0.0035	0.0035	0.0035	55000 
 06/28/11	0.0035	0.004	0.0035	0.004	25000 
 06/29/11	0.004	0.0045	0.0035	0.0035	18000 
 06/30/11	0.005	0.005	0.005	0.005	12000 
 07/01/11	0.005	0.0054	0.0043	0.0054	364900 
 07/05/11	0.0054	0.0054	0.0023	0.004	970000 
 07/06/11	0.005	0.005	0.004	0.004	167500 
 07/07/11	0.004	0.004	0.004	0.004	252500 
 07/08/11	0.004	0.005	0.004	0.004	391500 
 07/11/11	0.0025	0.0051	0.0025	0.0049	504000 
 07/12/11	0.003	0.0049	0.003	0.0049	238000 
 07/13/11	0.0049	0.0049	0.0049	0.0049	3500 
 07/14/11	0.0049	0.0049	0.004	0.004	105400 
  
 

On July 5th they tried to run the stops again, and again the stock recovered most of its losses and opened at support the next day.

July 11th, in desperation, the stock had a gap down open. Half a million shares were traded and the stock closed .0001 under its traditional .005 support level.

After a second attempt to gap down at the open on the 12th and after that attempt on the second volume dropped dramatically.

As soon as volume came back in September the price went back up. It went back up OVER the level that it was shorted at on very low volume.

The shorts haven't covered, they can't cover. THEY ARE SCREWED as soon as GeckoSystems announces a wheelchair deal.