Tuesday, December 23, 2003 1:05:53 AM
Phil...
The stock is ENGY, quite a compelling picture technically in my opinion. Check out the volumes through last summer on into mid/late November. I consider it a distinct possibility that ENGY is undergoing what some refer to as smart money accumulation.
Why anyone would be buying is not readily apparent. There have been no PRs, no promotion...as far as I'm aware they don't even have an IR department. But for some reason back in October almost 20 million traded in one day and the PPS more than doubled off its low.
Again on November 14th a large volume spike of 8+ million. On that day they reported that their financials would be late. I can see people being fearful and selling due to late earnings...but if you want to buy low you do need others willing to sell low
When the financials finally came out they weren't too shabby at all from where I sit (I've seen much worse in companies with a much higher cap).
All they would have had to do is issue a PR touting positive 3rd 1/4 revenue and Kazing in all likelihood.
As for our friend hollen...he was quite happy touting it when the PPS was much higher and the company was putting out PRs. Now??? Why he's investing so much time and effort in bashing now, I have no idea.
FWIW I steer clear of companies doing all they can to promote themselves. For one such example check out ADZR.
I've reported our friend on a few occasions to no avail. I thought I'd get away from dancing with bashers on RB....they were all over IDNW's board when it was around 1/2 a cent and I was buying...likewise on DTMG when I was bullish around 2 cents.
The stock is ENGY, quite a compelling picture technically in my opinion. Check out the volumes through last summer on into mid/late November. I consider it a distinct possibility that ENGY is undergoing what some refer to as smart money accumulation.
Why anyone would be buying is not readily apparent. There have been no PRs, no promotion...as far as I'm aware they don't even have an IR department. But for some reason back in October almost 20 million traded in one day and the PPS more than doubled off its low.
Again on November 14th a large volume spike of 8+ million. On that day they reported that their financials would be late. I can see people being fearful and selling due to late earnings...but if you want to buy low you do need others willing to sell low
When the financials finally came out they weren't too shabby at all from where I sit (I've seen much worse in companies with a much higher cap).
All they would have had to do is issue a PR touting positive 3rd 1/4 revenue and Kazing in all likelihood.
As for our friend hollen...he was quite happy touting it when the PPS was much higher and the company was putting out PRs. Now??? Why he's investing so much time and effort in bashing now, I have no idea.
FWIW I steer clear of companies doing all they can to promote themselves. For one such example check out ADZR.
I've reported our friend on a few occasions to no avail. I thought I'd get away from dancing with bashers on RB....they were all over IDNW's board when it was around 1/2 a cent and I was buying...likewise on DTMG when I was bullish around 2 cents.
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.
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