Savvy Trades and Investments

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Crazy market for sure. Just look at all the volume on ELTK today. I mean a $2.1M contract (potentially worth up to $3M) over 2 years. This is a company with $8.5M in revenue last quarter. So we're talking best case adding $300-$400K to quarterly revenues, or less than 5%. Yet people are chasing the stock up 100%?? Like it's some kind of game changer.

The funny thing is ELTK had 5.7% gross margins last quarter (no, that's not a typo ha). Margins are deteriorating and losses are mounting. The stock will surely crater back below .80 soon. But look at all the fools lining up to buy in the $1.20's. Bigger idiot theory is ruling this market right now. Going to be one helluva hangover when the party ends.


ELTK's terrible Q1 report:

https://finance.yahoo.com/news/eltek-reports-2017-first-quarter-110000843.html