Simple TA by Wizetradr

[Wizetradr]

Hey Will, Thanks, I appreciate that, as for EGMI, I am planning on restocking on Monday, Roth Capital, again seems giddy about EGMI. Here is an excerpt from thier report, My bolds...


Momentum Continues Following World
Lottery Convention and Trade Show

We believe EGMI is enjoying strong momentum following a successful showing at this year's World Lottery Convention and Trade Show. Although we did not attend the event we spoke to mgt and they were upbeat regarding interest from additional state lotteries and the potential for a new
international lottery partner.

We continue to believe there exists a high level of interest in the U.S. for electronic GameCards and believe an order from one of the major state lotteries could serve as a tipping point. On the international front we believe there exists meaningful interest from at least one major international lottery provider other than SciGames. We
have not included any revenue and earnings potential from the
international lottery market until 2H08 and believe any announcements regarding a new partnership would likely result in upside to our estimates.

We also continue to be upbeat regarding the company's prospects in the Sales & Promotions market. Currently, the company is generating all of its revenue and earnings from this market and we believe the company has a healthy order backlog, which should help it achieve its revenue guidance of $9-$10 million in FY08.

We look for EGMI to report 3Q07 earnings in early November. We remain confident in our $1.6 million revenue estimate and $0.02 EPS estimate. We believe shares should react favorably if mgt can continue to execute and meet our estimates. In addition, we look for shares to begin trading on our FY08 estimates, which calls for revenue of $9.4 million and EPS of $0.09. Finally, despite the recent run up in the stock, we believe shares are still trading at a meaningful discount relative to the peer group (36% discount)

I think this says alot more than I could ever say, again my thought is, I will be adding come Monday! For those that have yet to read the full report, heres the link, it's worth every second of your time to read it.

http://www.electronicgamecard.com/press/PDF/roth_egmi_momentum.pdf

As I have stated before, I normally don't recommend stocks, but when I do, I can assure you I have done my home work, EGMI, Is a diamond in the rough, thier potential is huge, and obviously I'm not the only one that thinks this.