Tim Sykes' GBVP trade Oct 7, 2009

SEC suspended trading in GBVP on Sept 23, 2009 till 11:59 pm Oct 6, 2009, see their press release. On the TimothySykes.com web site, this profitable trade is assigned to Oct 7, thus the short position was covered the first business day on which the trading was resumed. It is amazing that the stock jumped up on that day. The stock is said to be sold at $0.27 which most likely occured on Oct 21. At that point, the technical trend was well established. Again a red candle coupled with a spike in the volume on Oct 16 signalled a trend break down.

Tim Sykes' GVBP trade, Sept 21, 2009

A successful short trade. The trade info on TimothySykes.com assigns the trade to September 21 with "buy" at $0.29, "sell" at $0.49. But he couldn't have sold at $0.49 on September 21 -- that's outside the day's range. Apparently he sold short on the previous day and covered at $0.29.

The watershed between bullish and bearish sentiment on GVBP is clearly seen in the chart: that's September 16th, the first day when a downward (red) candle is combined with a rise in the volume. After that, the bearish trend continues while volume goes down. This pattern is already well formed by the time Tim enters his short trade.

Tim Sykes' GVBP trade, Sept 15, 2009

A loss on what could have been a momentum trade. According to the info on TimothySykes.com, Tim bought at $0.615, sold at $0.42. This is Tim's only trade in this stock since Sept 9, so one is left to wonder why not enter earlier. The B and S levels in the drawing are not precise.