ENGY - Enviro-Energy Corporation (ENGY)

[growacet]

Things are awfully quiet...
But with no news, late financials, and no discernable promotion...well I guess it's somewhat understandable.

FWIW I consider technical observations to be most reliable in this type of enviornment. I know many don't think TA has a place in stocks trading this low...but frankly I don't see why.

Whether a stock is trading at 1 cent, 1 dollar or 100 dollars I view TA as a mere reflection of the trading activity...supply versus demand, weak hands versus strong, greed versus fear.

With this being OTC land I do not totally rely on TA as short interest is not reported. As I've said before (I think)...I don't think ENGY is being shorted except perhaps short term by MMs meeting liquidity demands. That imo is a neccessary evil if one wishes a stock such as ENGY to have a liquid market. If MMs weren't allowed to go short on occassion I doubt many would participate in making a market for stocks such as this.