ELTZ: The stock has been smothered in recent trading sessions; however, the very low float as commented upon by others and you in your post, is a significant factor that will move this stock price substantially higher.
Nothing material with this company has changed to compel any savvy investor to liquidate their position. What is occurring here, in my opinion, is twofold:
1. The stock lacks any new release of information to act as a catalyst to keep investors' interest (and, more importantly, their money) focused on the stock.
2. Due to the stock's recent increase in price, day and short-term traders are taking their profits and moving on to other investment vehicles.
The medium to longer-term investment strategy remains intact and those who persist and keep their money invested here will be rewarded with a nice financial return on their initial investment.
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