'DCschmoeka' Re ENGY, appreciate the analysis:
Your observation re No PRs being 'bad investor relations'...
If indeed "The stock has been under accumulation for almost the past 2 months, on rising volume" as you postulate...
I would assume that those who have been accumulating are likely grateful. Bullish PRs would have probably resulted in more competition for any shares being sold. The notification that the quaterly would be late and their web site being no longer available among other things...my assumption is that probably heightened the FUD factor for existing shareholders.
Regardless, as you see in the chart...it appears there has been ample buy side interest to take up the supply while not having much negative impact on the PPS...particulary when volumes are high.
I have read the board description, that's why I included the 200 and 32 MAs in the chart I linked. FWIW I'm something of a devotee of Joseph Granville's theories, which means I consider TA to be most reliable when a stock isn't being promoted or the subject of a lot of news.
As to this being a trade or a long term hold...I'm not married to it, but so long as its treating me well I won't ditch it.
I'm enjoying I-Hub, its one place I've found where I can discuss ENGY's merits without having to deal with bashers...well almost.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
