StockCruiser
Oct 28, 11:44 AM
$VG Up and Over that
$14 Wall is a complicated climb.
it's where options dealer hedging, institutional breakeven supply, short-seller resistance, and analyst conservative valuation models all intersect. Breaking decisively above
$14 will likely require a definitive operational catalyst like a solid Qatar deal or other operational milestones.
Its also a strike price for a massive concentration of open call options and put open interest.
Another
$14 WALL factor is the number "under water" shareholders who set a steady stream "sell-at-breakeven" orders.
We'll get over it, when these definitive operational catalyst, such as formal commercial operations execution or a finalized major supply agreement, again like Qatar is signed and done.
Patience is running thin for many, but its also rewarding for those who have thick skin and can tolerate market Volatility.
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