Jul. 17 at 3:31 PM
$CWGYF Over the past 2 months we watched the sp blast up 3x, driven primarily by large, multi-million share purchases. And while this is thrilling, I have a wait-and-see attitude about whether it means a new stable value. More than 10% of the company changed hands, in big chunks, so someone is moving that - not a broad-based support of many 100k share purchases.
And we see that, on days when the big trades don't happen, volume drops to the 10s of thousands, and price responds, looking for a buyer.
The signal I have been waiting on is those
$10K -
$40K buyers at over
$0.15/share. I think we need to reach a minimum volume sustains at 200k. Otherwise the new price is unstable, and could simply drop again like it did last fall.
Carnegie still needs to get CETO at production scale in the water. We need industrial contracts. Then we need capital to scale up. But Wave Energy is an important factor in a green energy (blue energy) future. And Carnegie is the best in the field.
