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About time CGLD had it's own IHUB board, no?
This stock appears to be going places, with a significant break today. Looking at the numbers, they have basically promised to produce 45,000 ounces of gold in 2007. With gold up over $600 an ounce, that's about $27 million worth of gold. Even chopping $27M in half for mining costs and middle-man wholesale gold sales etc.. I get a conservative profit figure of $14 million, or 10 cents per share net income.
Since they are a legit company, working at increasing investor awareness and looking to acquire new drilling prospects, I think it's also conservative to say they desve to trade at least at a Price to Earnings ratio of 15 at this point
15 times 10 cents per share net income = $1.50, short-term -- say January/Feburary. Means I'm holding through New Year...
Comments?
Nice breakout to new highs
After buying two weeks ago and holding, so far so good.
The tough part will be sticking to not selling 'til my ETLT price target is reached. After getting scorched by SLJB though, walking away from the computer and letting it ride is about my only hope to get my portfolio back on its feet.
Axios, appreciate what you mean,
but I forgot to add in my last post about ETLT that the TA would have to point to a breakout on the way right here; a breakout above .60 is imminent if not today, then Monday, IMO.
My short-term price target is $2
ETLT: to get my SLJB money back,
I need ETLT to get to $2.
Which it will get to.
Eventually.
No choice but to wait patiently. But this is my No. 1 pick for at least double out of any stock in the entire penny market right now. I know it's been sluggishly traded and only stubbornly made any gains for most of its recent past.
This time, I'm thinking, is different. How can you deny A) the great quarterly numbers... on pace for annual net income of .20 per share. B) Big cash -- "lots of liquidity" -- on hand. and C) a solid revenue growth/acquisition plan.
If any stock deserves to be trading closer to a PE of 10 or 20 than to 2.7 (where it is now) it's ETLT.
I mean, look at DRMS right now, trading at a PE of 34. How about a little respect like that for ETLT? Thirty-four times .20 cents = $6.80 pps!!!
Besides, after losing my mom in September (Lou Gehrig's), and then losing tons of money on PGPM, FGFC and SLJB in succession, can't I have just a little luck. Please?
ETLT: to get my SLJB money back,
I need ETLT to get to $2.
Which it will get to.
Eventually.
No choice but to wait patiently. But this is my No. 1 pick for at least double out of any stock in the entire penny market right now. I know it's been sluggishly traded and only stubbornly made any gains for most of its recent past.
This time, I'm thinking, is different. How can you deny A) the great quarterly numbers... on pace for annual net income of .20 per share. B) Big cash -- "lots of liquidity" -- on hand. and C) a solid revenue growth/acquisition plan.
Best of all D) no scummy CEO flat-out lying about either the existence of an audit, or the fact that he is going to post it.
If any stock deserves to be trading closer to a PE of 10 or 20 than to 2.7 (where it is now) it's ETLT.
I mean, look at DRMS right now, trading at a PE of 34. How about a little respect like that for ETLT? Thirty-four times .20 cents = $6.80 pps!!!
Besides, after losing my mom in September (Lou Gehrig's), and then losing tons of money on PGPM, FGFC and SLJB in succession, can't I have just a little luck. Please?
Petar V deserves jail time. Seriously.
ETLT: to get my SLJB money back,
I need ETLT to get to $2.
Which it will get to.
Eventually.
No choice but to wait patiently. But this is my No. 1 pick for at least double out of any stock in the entire penny market right now. I know it's been sluggishly traded and only stubbornly made any gains for most of its recent past.
This time, I'm thinking, is different. How can you deny A) the great quarterly numbers... on pace for annual net income of .20 per share. B) Big cash -- "lots of liquidity" -- on hand. and C) a solid revenue growth/acquisition plan.
If any stock deserves to be trading closer to a PE of 10 or 20 than to 2.7 (where it is now) it's ETLT.
I mean, look at DRMS right now, trading at a PE of 34. How about a little respect like that for ETLT? Thirty-four times .20 cents = $6.80 pps!!!
Besides, after losing my mom in September (Lou Gehrig's), and then losing tons of money on PGPM, FGFC and SLJB in succession, can't I have just a little luck. Please?
Well, to get my SLJB money back, I need ETLT to get to $2.
Which it will get to.
Eventually.
No choice but to wait patiently. But this is my No. 1 pick for at least double out of any stock in the entire penny market right now. I know it's been sluggishly traded and only stubbornly made any gains for most of its recent past.
This time, I'm thinking, is different. How can you deny A) the great quarterly numbers... on pace for annual net income of .20 per share. B) Big cash -- "lots of liquidity" -- on hand. and C) a solid revenue growth/acquisition plan.
If any stock deserves to be trading closer to a PE of 10 or 20 than to 2.7 (where it is now) it's ETLT.
I mean, look at DRMS right now, trading at a PE of 34. How about a little respect like that for ETLT? Thirty-four times .20 cents = $6.80 pps!!!
Besides, after lsing my mom in September (Lou Gehrig's), and then losing tons of money on PGPM, FGFC and SLJB in succession, can't I have just a little luck. Please?
I got HAMMERED by this stock
Worst loss of my trading life. Can't say I didn't deserve it and that there weren't numerous red flags. But the one thing that kept me hangin in was the fact that I thought there was simply NO WAY that the head of a supposedly profitable company could FLAT OUT LIE to me and everybody else that he was actually going to post numbers and then NOT DO IT?
NO WAY NO WAY NO WAY would somebody do that, I thought.
I thought wrong.
ETLT has net income, credibility, momentum
going for it now. Poised for a run to $1-plus, based on earnings numbers of .05 per share for the recent quarter.
Run depends on a break of yesterday's high.
Except I think he meant to write "these" instead of "there" so it would be a spelling mistake. Also, "waisting" instead of wasting? The list goes on... unfortunately, being an excellent speller doesn't seem to have mad me any richer -- or smarter -- in 43 years.
Jamie I just read 'em all.
No problems with the blog.
Murph, great post!
OT: How did your football team do this season?
So you did pump and dump ECCI.
Thanks for admitting it, SLEAZEBAG.
Great credibility to be posting here now.
Hey DontWannabe hows ECCI doin?
Last week you posted it was gonna be "the next AWYB." Down by half since then.
Wasn't that a misleading pump by you?
What the AF will tell us...
I am figuring they will cofirm the company's own numbers, which basically told us 5 cents per share net income currently, with forward-looking deals that will take that to 25 cents per share in 2007.
Anyone else get that?
teste, last trade...
My Ameritrade lists the price at .121
I see your level 2 says .13.
The volume matches up though.
Sandbth
Yeah, I readily admit when I'm wrong. And I just want to add that I don't toss out a ton of similar predictions to the one I made today either. It will make me feel better if the buying surge that I predicted happens Monday though instead.
Have to say that end of day
trading was mystifying to me. I was wrong to think this would touch .15 today. Clearly I misjudged the timing of the momentum leading into the anticipated release of the audited financials on Wednesday.
But for the life of me I cannot understand why even a flipper or swing trader would surrender shares at .12 when Monday and Tuesday will clearly bring a price of .13 and probably higher with next to absolute zero risk in holding this stock over the weekend. Wait all this time -- about five days of sideways trading -- and until only two weekend days before the real buying push is likely to happen on Monday and Tuesday, only to jump off the ship at such a sh###y price?
Makes one see that you sure don't need a rocket science degree to buy and sell shares in this world.
Sandbath, thanks
That's all I'm asking
.
Sandbath, "baseless prediction"?
Maybe it's the nature of most people on these boards to be cynical, but there was nothing baseless at all about my prediction, it is based not only on years of watching charts in general, but the recent history of how this particular stock trades. In fact I predicted the breakout above .085 a few months back about 20 minutes before it happened.
I didn't favor the moderator deleting you're "yeah, right" reply to me because I am in favor of free speech, but "baseless"? Nah.
Watch and learn here. Or read and learn below from my Sept 14 postings and give-and-take with doubters like yourself.
---------------------------------
Posted by: dashrip417
In reply to: None Date:9/14/2006 11:38:00 AM
Post #of 153418
My own reading of the chart
and anticipation of the impact of a look at the audited financials for the wider market, makes me believe that SLJB is about to run north of .10 today, maybe as high as .14.
Look out above
------------------------------
Posted by: dashrip417
In reply to: fringe_remnant who wrote msg# 71998 Date:9/14/2006 12:15:15 PM
Post #of 153423
Where we're at on that chart
In my opinion, where we are at today is at a very similar point to the three green candles you see back on the chart in the area of July 24... see where the third green candle dips to start the day below the previous day's high and then ends up a massive bullish candle by the end of the day in a huge breakout. That's the basis for my reading of .10-.14 today. Same four red candles preceding the breakout... (mid July) same set up leading into breakout, similar hugely positive reason to anticipate the breakout with the release of financials coming.
I agree with snips that action is coming ths afternoon. the sellers will really have dried up by then. Nowhere to go but up into Monday.
Thank you for posting the chart fringe.
GLTA
-------------------------------------------------------
Posted by: fringe_remnant
In reply to: dashrip417 who wrote msg# 72003 Date:9/14/2006 12:21:08 PM
Post #of 153424
I agree with snips
... that action is coming this afternoon"
"the sellers will really have dried up by then. Nowhere to go but up into Monday."
How do you know the direction? NOBODY DOES. This is a carefully managed crapshoot, high risk. The chart is revealing nothing about forthcoming events, other than one will happen soon, IMO.
fringe
--------------------------
Posted by: dashrip417
In reply to: fringe_remnant who wrote msg# 72005 Date:9/14/2006 12:27:51 PM
Post #of 153424
Fringe, about direction
I respectfully disagree with you that this is strictly a crapshoot. If it was, I would not be here. If I actually enjoyed shoting craps or playing casino games I would just go to the casino. From my experience in investors' behavior and reading charts and anticipating events in advance of news, direction is something that I believe you can in fact discern. Look at it this way, those people who doubt that SLJB is for real and that the numbers will propel it higher next week have most likely bailed by now. There were a number of down days and weak sideways trading days preceding the anticipated release of the audit. Ample time to bail. And yet the stock has traded sideways... believers replaced by non believers and no downward spiral of the sock, infact a climbing patern has been established. Now in the absence of news through Monday, you are telling me that people are just as likely to bail out on Thursday and Friday as they are to buy. By what logic do you come by that? I say they would have bailed already. Hence the only momo that I expect to see between now and release of news is up. Do I know it with absolutely certainty? Of course not. But it is a crap shoot? Of course not again -- it's an educated assessment based on my experience in watching charts and trades.
----------------------------------------------
Posted by: Mel Williams
In reply to: None Date:9/14/2006 12:39:16 PM
Post #of 153429
Look, I hope you're all right that the forthcoming events lights a fire. As I've said before, it's my opinion that future events are discounted in today's stock price. Today's stock price is $.08. With all of the supposedly assurance that events are going to unfold as hoped, I would think today's price would discount that, no?
-------------------------------------------
Posted by: dashrip417
In reply to: Mel Williams who wrote msg# 72028 Date:9/14/2006 12:41:53 PM
Post #of 153429
Mel, today isn't over yet
We have traded over $500,000 worth of stock thus far and it's upticking. The break of .085 is what will convince sideliners to join the game
--------------------------------------------------
AFTER SLJB HIT .14, up from .085 minutes later.....
-------------------------------------------------
Posted by: dashrip417
In reply to: None Date:9/14/2006 3:28:54 PM
Post #of 153462
Checking back. Surprised? NOT
Funny to read posts from those who sold today before the run that has just begun is near done. Bah bye now. You can't have any of my shares bay-bay
Repeating prediction, touches .15, closes at .145
today. As the first day of a three-day rally, with the price touching .32 during the day on Tuesday, then pulling back a little, BEFORE the audit is out.
You are right to watch with interest
I am not saying the stock won't run multiple from here, considering one party now owns 91 percent of the outstanding shares.
Funny they posted exactly how much he paid for those shares --$185,000.
DTEK: Youre confusing Jeko Industrial (China) with Jeko International (Delaware) the purchaser of the DTEK shares.
"... Jeko International, Inc. ("Jeko"), a Delaware corporation... After giving effect to the sale, Jeko is the holder of 91.8% of the Company's outstanding shares of common stock. The purchase price for the Shares was $185,000, which was funded from Jeko's working capital.
Pursuant to the Stock Purchase and Sale Agreement, Century agreed to cause John M. Papazian, Jeko's President and Chief Executive Officer, to be appointed the sole director of the
Mr. Papazian, age 71, has served as a consultant to a series of homeowners' associations on architectural issues since January 2001. He has also acted as Secretary and Director of Four Seasons Active Adult Communities at Hemet, Beaumont and Palm Springs in Riverside County, California during the past five years. Additionally, Mr. Papazian has acted as Director for Raven Global Security LLC, a company providing business consulting services on issues of international security."
I doubt this Papazian character is qualified to run a Chinese plastics production company.
I say touches .15, closes at .145
today. A three day rally ensues, with the price touching .32 during the day Tuesday, then pulling back a little BEFORE the audit is out.
Gwik, excellent comparison
I agree, especially about the addicting and intoxicating. It will start to look more "beautiful" if it makes that move to .15 tomorrow, which I think it will.
Revenue prospects for SLJB in Middle East
This is one of the reasons I am a holder of SLJB stock right now. I don't know how many of the newbies here are aware of their link to Emaar and how promi$$$ing it is...
From web postings/stories in Aug. and Sept.:
-------------------------------------------
Posted by: jmhollen on Wednesday, September 27, 2006 at 11:22:40 PM on earningswhispers.com:
UAE firm to build $43bn Pakistan city
ISLAMABAD: Pakistan gave approval in principle yesterday for Emaar Properties of the UAE to go ahead with a $43 billion project to build a model city near Karachi.
Emaar, which will have 85 per cent equity in the project, will develop two islands, Bundal and Buddo, near Karachi into a city with state-of-the-art facilities, Ashfaque Hasan Khan, an adviser to the prime minister, told reporters.
"It will be just like another Dubai," Khan said later. "It will consist of everything. Residential buildings, theme parks, offices, just about everything."
"We want to build it because it will create new jobs, bring in investment, create new housing and a new city," he added.
Pakistan's Port Qasim Authority will hold 15pc in the form of land, Khan said after a meeting of the Economic Co-ordination Committee, the country's top-decision making body on economic issues.
The project is expected to take about 13 years.
Khan said approval in principal for the project had been given after all formalities were completed. Legal documents would be completed within three months.
------------------------------------------------------
Sulja Bros. Building Supplies Releases Revenue Details of Construction Projects in Middle East
WINDSOR, ON -- (MARKET WIRE) -- August 02, 2006 -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) is meeting with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement.
A Wessal International Group spokesperson commented: "The deal with Emaar Properties will generate $124 million in revenue over the next 12 months for Sulja Brothers."
-----------------------------------------------------
My opinion, the next step would be for Sulja to supply building materials to Emaar for their megabillion dollar business dealings in Pakistan and rest of Middle East.
Nice idea, green
You wrote:
"Try this scenario; Petar has the audits in hand and knows the positive nature of them. He also abhores flippers and day traders. So, he puts out this fuzzy pr that does nothing but give them an invitation to flip, then hits us with the audit early. Thus rewarding true longs."
Now wouldn't that be beautiful...
Trading action explanation
With the issuance of today's p.r., Mr. Vucicevich eliminated speculation that the audited financials might hit earlier than the previously announced Nov. 15.
I'm not telling you anything you don't know already, but pink sheet and OB stock players by their nature crave action and many view five trading days as an impossible length of time to wait when they could be jumping on another stock that has more likelihood of an immediate three-day run between now and next Wednesday.
Fess up if I'm right and this is the case with any of you Ihub SLJB board readers out there.
For myself, I hate waiting too, but come on at least I can handle two or three days...
So it's all about momentum in a tight trading range... those selling today are hoping to get back in Monday and Tuesday with more buying power.
FXEN versus PTON
How can you look at these two stocks -- each with 35 million shares outstanding -- but with PTON having announced a buyout by Prism media for $5.70 per share , and FXEN with 57 cents per share and say you like FXEN's prospects better? PTON is on its way to $5 bucks right now.. simple math.
Or am I crazy?
PTON... stockjob
how do you figure
"the commonly held shares don't get much of the pie?"
Prism is paying 194 million cash fo those shares.
The news puts the pricetag of the whole deal at way over $500 million, including 100 percent debt coverage.
Obviously, "on a closer look" you're trying to flip it on the way up.
Check out the math on PTON
194 million cash buyout of 34 million shares = $5.70 per share.
trading at 52 week high for today to shake out everyone who wants a one-day profit. But once people accept the buyout with Prism media as reality, it runs north of $2 easy.
StockJ, regarding PTON buyout value
Do you have it at $5.70 per share?
Arrived at $5.70 by dividing cash buyout price of $194 million by 34 million shares outstanding.
I am in at .78, expecting this to run to $2 short-term.
The spike in volume reassuring, very significant compared to PTON's usual trading volume.
SEC's buyback rules being followed
Those on this board who put forth that First Guardian's management has made "excuses" or "b.s'ed" us about the buyback procedure being slowed by low volume should read the CPA's guide to stock buybacks (pasted below) before spouting off. My reading of it shows me that FGFC has followed the letter of the law in obtaining 100 million shares in the past month. Those selling here out of panic that the price isn't skyrocketing faster and sooner (like likwit) are selling because of sky-is-falling illogic and self-fulfilling prophecies of negative momo.
If the company generates annual net income of 14 percent of $7 million, or $980,000, as stated, and the buyback sends the number of OS under 100 million, simple math shows that the net income per share (EPS) is going to be .01, giving us a PE of under 1.
GLTA fellow longs
-----------------
"SEC Rules
The company itself is covered by the SEC rules that prohibit insider trading in a public corporation’s stock. A corporation may not repurchase its own stock before any material inside information is reported to the public; a company should announce the decision to buy back stock before commencing actual purchases.
The SEC’s complex section 240.10b-18, referred to as Rule 10b-18, is generally regarded as the safe harbor for stock buybacks, although it does not provide absolute protection from litigation. Highlights of Rule 10b-18, which also provides various exceptions and traps, include the following:
Time. A corporation generally may not perform the opening trade on any day and may not trade during the 30 minutes before the market closes. The same restrictions apply to any affiliated purchasers, such as advisors involved in the decision to buy back stock.
Volume. During any one day, a corporation generally may not buy more stock than the larger of one round lot (generally 100 shares) or the number of round lots nearest to equaling 25% of the stock’s average daily trading volume for the four calendar weeks preceding the start of the buyback program.
Block purchases, which may be privately negotiated outside of the market, typically are not subject to the volume restriction if each block--
has a purchase price of at least $50,000 including at least 5,000 shares,
has a purchase price of at least $200,000, or
includes 2,000 shares (20 round lots) or more and is at least 150% of the stock’s average trading volume for the four calendar weeks preceding the buyback period.
Price. A corporation generally may not reacquire its stock with a purchase price or bid that exceeds the greater of the highest current independent bid quotation or the last independent sale price. Affiliated purchasers are bound to the same ceiling.
Broker or dealer. Only one broker or dealer may be employed on any one day to buy stock or make bids for the corporation and any affiliated purchasers.
Assume, for example, that X Corporation plans to repurchase shares of stock for employee benefit plans and that after the board of directors’ decision is announced, there is no material inside information. Before the buyback begins, X informs officers, employees, and directors of their responsibilities under insider trading rules. No individuals involved in X’s decision purchase any shares during the buyback period unless they coordinate their purchases with X. On Monday, X begins reacquiring shares through one broker, avoiding the opening trade and the last 30 minutes before the market closes. The top independent bid quote on Monday is $30. The last independent sales price is $29.50. None of the bid or settlement prices for shares that X buys exceed $30. X’s average daily trading volume for the last four weeks has been 120,000 shares. Monday’s market repurchases are limited to 300 round lots (25% of 120,000 shares), but one block purchase of 5,000 shares from a large shareholder is negotiated for a total cost of $147,500. On the basis of the facts, X’s buyback appears to comply with Rule 10b-18.
A smaller publicly held company’s legal department may lack the familiarity, time, or confidence to oversee occasional buybacks. Large brokerage firms have departments specializing in corporate stock repurchases. A corporation considering repurchases might interview several brokers and inquire about—
their Rule 10b-18 departments,
internal compliance systems and controls,
standard agreements with clients covering Rule 10b-18, and
indemnification of a client in the event that the broker violates SEC rules.
A corporation that regularly repurchases stock might rotate and monitor brokers to make sure that shares are consistently bought at good prices, a high level of service is delivered, and the CFO or other officers and directors have access to a depth of talent and expertise."
----------------------------------
Another old PR !
Hey, when you're bored this is what happens. Think of it as reminding myself why I am in the stock.
From Oct. 13:
"The Company expects year end gross revenues to meet or exceed $6,800,000 to $7,300,000 of which does not include a one time windfall from its land deal of approximately $1,100,000 as this revenue has not been realized yet, as the closing has not occurred when it does the revenues and net income will be revised accordingly. The Company fully expects to report positive net income of 14% to 16%...."
That puts net income at roughly $980,000 for the year (14 percent of $7 million).
If the company succeeds in buying back enough shares to reduce the oustanding shares to 50 million, that would reset net income to about .019 cents per share. Giving FGFC a PE of .04 at its current trading price of .0085.
(I just noticed it actually closed at .009, hmmm, very interesting.)
If the buyback and revised share structure announcement -- leaving First Guardian in the vicinity of 50 million OS -- creates sufficient trading volume, FGFC could and should run to a PE of at least 4 or 5, short-term, meaning a 10-bagger from the current price level, up to a PPS of around 8 cents.
Unrealistic? I think not.
Weo, Titan thanks for replies
very encouraging to me as a month long holder and waiter at this point
Buyback.
It will be interesting to learn officially from the company how many shares are in the public float and outstanding after the number of shares bought back by the company are announced.
Under 100 million would be nice.
From Oct. 5 news release:
"The company, as previously announced, is currently executing a buyback of its common shares on the open market, the company expects this to be completed by the end of the month, including the 100 million shares bought back from the previous management, at that point the company will retire/deposit with its transfer agent the acquired shares and will also correct any discrepancy at that point with The Secretary of State of Delaware and its transfer agent.
It has been brought to the attention by many shareholders that the share count per the transfer agent has increased by 30 million shares; this is true as the company has issued restricted shares (in lieu of cash payment for services) these shares are not saleable (free trading) for 2 years and will not impact the company's overall objectives. The company opted to issue restricted shares opposed to hard earned cash.
The company is committed to having the least amount of free trading shares as possible and as the company generates more revenue, it will continue to buy more of its shares back as possible on the open market, as the company's business plan going forward to the OTCBB is to as little shares in the public's hands as possible."
According to the way FGFC has traded again today, sideways to red, investors are firmly in a "show me" mode with this company still.
Think about this last point
Unintentionally flooding the board with some late afternoon posts here, but please hear this last one out:
The company just took in over a million bucks for a land deal. Simple math: If they spent that million bucks on buying back shares at this price level, they could buy almost every share out there, 100 million shares.
Food for thought to kill the time here before buyers start jumping back in and the momentum pendulum swings the other way, next week..
A "ton" of shares?
You forget that 2 million shares = $18,000 at this price level. BIG DEAL
The biggest blocks that have been moving through in the past four days are evidenc of FGFC's buyback IMO... the total amount of shares they repurchased will be revealed in November.
Wait 'til they announce that the majority of that "ton" of volume was the company's own activity, taking shares off the market.
Then you shall see the stock price move upward rapidly on a true "ton" of volume -- closer to a half million bucks worth to $1 million a day.
Today's dollar volume on a "down" day, approx. $45,000.
Keep it in perspective.
1.43 M "sell" = buyback
You choose to label this a "sell." Why couldn't this be a share buyback block equal to 25 percent of the shares traded for the day, as First Guardian promised they would be doing through the end of the month, and as matches the amount they are constrained to buying daily?
I have also seen it stated here as fact that in executing a buyback a company is not allowed to purchase at the "ask." Which would explain why the "BUY" (in my book) goes through below the ask price at the moment.
When the company announces the downwardly revised accurate amount of shares -- the previous number minus those shares they have purchased in October and retired -- I believe the share price will double in a day, making FGFC the new penny board darling again, and a 5-cent stock in November.
Then you will hear the lament, "Oh, I should've KNOWN that was the buyback in progress when I kept seeing the large block go through at 3:30 every afternoon... and that the price was too low and should have bought more.... etc. , etc."
But fear is conquering logic at the moment.
Have to believe
that the negative momentum will stall out eventually. There is no apparent reason or the continued droppping in share price. I look at a tock like AURC and they had a five day stretch of lower share price (also for no apparent reason other than natural trading give and take) before today's bounce.
Time to shut the computer off and say see you next week.