TheGlobe.com Inc (TGLO)

[senor_c]

I like charts and volume. I study them, and it’s done me well over the years (don't ask me about SCOTUS and West Virginia). In fact, back in March 2018, I was studying TGLO’s chart in anticipating of buying the short-term breakout. On 4/6, I almost sold my position (as the chart was double topping) to make just over $3k on a short-term swing. Instead, I held, thinking that this had real potential with an up-and-coming LNG company that had big industry names associated with it.

Now, the chart below is a 3-year, weekly chart. I kept looking at the daily chart, and I could see things, but going to the weekly cleared a lot up for me. About this time last year, we had a surge (thanks to CAYO, I think, no?) and the price went up to .18. It did not last long. It got stuffed at .18 on the second highest weekly volume on this 3-year chart. Now, look at the volume heading into that CAYO surge back in February 2021. (Granted, it’s not massive volume, but let’s use the term “relative volume,” considering this is an unknown, OTC, shell stock.) There were about 12 weeks with over 800k shares traded (from the week of 4/1/19 to the week of 2/15/21 – showing decent “relative” accumulation – tightening up that float). Since that week of 2/15/21, we have not had a week with over 800k shares traded…until last week.

What’s really interesting to me is that this week will be the first week that we will trade over 1 million shares in over a year, and look at the price compared to when that happened the last time. If you’re comparing the volume in those two time periods, the price should not be where it is – not even close. I mean, we have already broken through that tough .10 resistance level and then the .18 level (which got stuffed a year ago) on relatively low volume. What’s happening?? As you said, market conditions (and research) and, as much as I hate to admit that “X” is right, MMs are finally ready to let this one ride – on crazy, low, relative volume. What will be intriguing to me is if the relative volume stays in this range and the price continues to uptrend. If the market stays the same and word spreads due to MWM’s efforts (I see you!!), this could easily reach .50 or higher without any news, on pure speculation and anticipation. If volume increases significantly, like your 800-share trade might suggest, we could see a crazy run here based on just potential and past ticker history alone. Traders are suckers for ticker history, and Theglobe.com is a famous ticker. With any news, we could see the perfect storm (price/chart momentum, ticker history, market/sector conditions, and company news) with a ticker that was already a great bet. Folks, sit tight, and have a plan! I’d like a nice pullback to grab a few more between .10 and .15, but I’m set if we don’t. Enjoy!