Energy One Corp (EGOC)

[agua77]

In response to your question….yes I’ve done the math and I suggest you do too…..this was trading at what? $2.00/share and it received a haircut today to .90. Yea the math is clear and this is behaving similar to 90% of the stocks post R/S. Plenty of room for a further trimming from here, especially considering when the financials are due. As I mentioned over and over again….a good trader knows when to buy and knows when to sell. Buying shares below a $1.00 are much smarter buys than buying shares at $2.00. As far as watching L2 it’s very indicative of what’s to come when certain market makers are leading the pack. EGOC has a long road ahead….and the lack of bid support indicates that most traders/investors on the sideline want to see assets. The eagerness to sell into the bid is also indicative that pre-split buyers are willing to take profits here or new shares are hitting the float. We will have to wait and see a share structure update. Get the popcorn ready….Monday should dip below $1.00 again. All in my humble opinion.