Egene Inc (fka EGEI)

[xZx]

fox from what i'm seeing egei broke through support and now has resistance at .88. next support is at .42. news of bird flu or about a contract for egei, as we know, could send this thing flying, but i'm waiting for a better oversold confirmation before i load the boat. i think it needs to land hard and maybe even retest that level before we know a bottom is in. lots of this is driven by fundamentals, unfortunately, b/c the market is pricing in to the stock minimal earnings, plus low visibility, and infrequent PRs.

american bulls may not account for stocks like egei that are so incredibly news driven. also an extremely low float can increase downside as well as upside. does their model take this into account?

right now oil prices are so high, and tensions with iran are all anyone is really thinking about. it's interesting how bird flu, even when there's news, seems like less of an immediate danger to investors right now. all the bf stocks seem to have sold off in favor of ethanol!