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My conclusions on what is occurring here, and

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bspader   Tuesday, 10/18/16 08:42:17 PM
Re: None
Post # of 1586 
My conclusions on what is occurring here, and these are just my observations and opinions.

You have a company thats been dormant a while in the technology sector and the reason stated was too few shareholders.  (<300)

Looking at the chart it was pretty dead until March of this year when approx 7 Million shares were suddenly bought and I donâ??t see anything (until today) that shows any major sales since.  All accumulation.

In fact there has been at least 12 Million shares bought in the past 7 months out of 37 Million in the Float.  Off the cuff thatâ??s â?¦30%+ of total shares?

The RSI has shown a little overbought in recent days and until today, not many comments.   There have been a couple new faces just today who have suggested there is something illegitimate going on and right after that (within 30 mins) selling began.

I have a hard time believing this is a false move.  IMHO there may be a group who wants to accumulate.  Because there is such a low float, its difficult to get a sizable position, which is what it looks like they want.

Do your own DD but a stock doesnâ??t usually move 1000% with no promotion over the coarse of several months without something fundamentally happening.

A tweet earlier indicated there would be 2.2 million spent on production on this meter coming.   â??As part of the acquisition with IBM, Enherent Corp will remain overseer to Delta 9 production, will spend 2.2 M or 20% of purchase termsâ?Â Â

So what does that mean.  IBM price is 11 Million Dollars?  That would make ENHT a .21 stock if Iâ??m reading that correctly.   11 Million seems right when I searched for company valuation based on revenues and a new technology such as the Delta 9 Thc meter.

It will be interesting to see what happens tomorrow as many have joined the party with Millions of shares in the .007+ area.

All IMO, donâ??t make any decisions based on my observations, but I like this setup as the stock shows oversold now in the RSI

Don't take my opinions as advice. Do your own DD. No one really know what will happen! Especially ME!!!
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