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Monday, September 21, 2009 4:44:20 PM
http://www.hotstocked.com/article/1647/gaming-the-enzyme-environmental-solutions-inc.html
Gaming the Enzyme Environmental Solutions, Inc. (PinkSheets: EESO)
Contributed by: Gediminas J.
Date: Sep 21, 2009
Strong upward price action for Enzyme Environmental Solutions, Inc. (PinkSheets: EESO, EESO message board or EESO.PK) just doesn't fit the company's current position. No news was announced and so it makes this whole stock price movement just a gamble.
The manufacturer of enzymes products is one of the more discussed penny stocks out there and that is the most obvious reason behind its unprecedented stock movements. Such price pushes should be played carefully though as they are not supported by any material events.
Even though the company is not reporting their financials the products seem attractive enough and there even were buyout offers at 10 cents per share. Thought that didn't went on, investors still believe the stock is underpriced at the moment.
Getting your feet wet in this one is, to say the least, a matter of conviction as adequate analysis can hardly be pulled off. Without the company announcing any updates the price movement is not backed by anything. Therefore the stock is only for those who are willing to sit all day watching it go up or down and deciding when to enter.
This is not something that has potential of long term growth. Even if the company's products will prove to be as good as they advertise, they will most likely get acquired by a bigger entity and the value generation would just stop there.
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