Sep. 8 at 6:58 PM
$COE
The recent volume is very interesting. We’ve now seen several days with volume many times higher than usual, while the share price keeps moving lower.
My guess is that a large shareholder may be reducing or exiting a position. In such an illiquid stock, that can put significant pressure on the price for some time. So far, I haven’t seen any SEC filing confirming who the seller might be.
The positive side: if this really is one large seller, the pressure is temporary. Once those shares are absorbed, the situation could change very quickly — especially with COE’s small float.
I’m watching for the moment when high volume no longer produces new lows. That could be the first sign that the seller is finally running out of shares.
Still holding. For me, the fundamentals haven’t suddenly changed — the big question is who is selling, and when they’re done.
