ENGY - Enviro-Energy Corporation (ENGY)

[growacet]

Nice Post Enviro....

Back through the summer and into October there were likely numerous reasons why shareholders were fearful. Bowers' resignattion back in June and the 8K filing of same in July. The attainment of a new low in October below .005 cents. Novemeber 14th filing that earnings would be late and overall zero effort at attracting investors to the stock. With all that I'm sure many probably decided to sell...but someone (or someones) had to be buying or the PPS would have dropped below .005 and kept on going. If you want to buy low you need others willing to sell low.

Then on Oct. 20th, just after reacing a new low volume shot up to over 19,000,000 more than 10x the preceding 20 day average...and the PPS more than double off its low. That attracted some attention as ENGY was included in a couple CRG emails after that date. Things were quiet until Nov. 14th when they filed that their 10QSB would be late. Some probably decided to bail on that news...but more than enough buyers jumped in to send the PPS higher as over 8 million traded and the PPS closed up.

We have pulled back of late...but volumes have also been very light.

I don't think we're anywhere near what your post describes as stage 5. The activity we've seen, buying on bad news and larger than average volume on balance being +...these imo are indicative of accumulation. The name of the game is to accumulate low.