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A Buying Opportunity?
Re: A Buying Opportunity?
I agree with you. The company suffered for a very long time because no one knew about them (myself included). Now that liwuidity is not an issue, good news can take this stock to new highs.
Re: A Buying Opportunity?
Thanks Manly. Happy 4th to you and to everyone on this board. You're right, a lot of companies have much higher market cap on just speculation. The market will catch up with the potential of this company.
Re: A Buying Opportunity?
Very good call. 17 million market cap is still quite small bluetree. I think they justify much higher. Some companies have market caps above 50 and even 100 million without ever making a sale.
Re: A Buying Opportunity?
$17 million market cap now.
Great call to increase during the slump. Even when management's faith is fading.. Very solid Vuki
Re: A Buying Opportunity?
I increased my position by 10% during the slump - which is nice :) A DOE funding announcement will drive the price to $0.20 since it would make the mainstream press (CNBC, etc.)
Re: A Buying Opportunity?
If it wasn't for the lack of technical bullish signals I would be picking ETLY month in and month out for the stock challenge. I believe they should be worth $0.20 as you suggested Vuki777, but I don't think they need big news to get that.
How about the buying opportunity last month? Almost a double already:)Good job to whoever had the guts to buy on that sell off. No guts no glory :)
Re: A Buying Opportunity?
It's all there for the taking with ETLY. They have the fundamentals from a business eprsepctive they just need a market with some real support from institutional types. No financing but some group who is willing to take stock through a financing and support the market. There is no excuse from a busines standpoint for the company to be trading this low. Technically, however, $0.10 is high.
Re: A Buying Opportunity?
$0.10 is a big psychological first step. Let's see if we can do $0.20 per share on some big news now :)
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I have mixed feelings about my recent posts concerning Mr. Read. His need for personal finances makes more sense than any other explanation. Thanks for the info Vuki. I feel a bit dirty for making his name the subject of a Forum topic, like a gossip columnist or something. Yet, as a shareholder I was naturally upset that the CEO appeared to be jumping ship at what seems like a critical juncture. And now I don't think the captain is jumping ship at all. He actually created a buying opportunity for the rest of us. I know that those of you who have owned ETLY for a good length of time have weathered far worse storms than this. Best of luck to you all, lets hope some of those contracts come through this summer.