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Thursday, January 21, 2010 11:49:14 PM
The key with EVRM is that the stock is weak due to short-term shareholder impatience, not necessarily a failure on the company's or management's part. The timing of their success is out of their hands...they can only position the company for the most likely path for success, which I believe they have.
Shareholders, and traders, are understandably disappointed from the company's last status indicating that a move does not appear as imminent as once believed, even though the PR was filled with many positive developments. So people bailed rather than watch stocks like EXPU, KATX, or whatever the stock-du-jour is takes off without them having a nut in the action. However, the company is executing with as much that they can control, and they are keeping shareholders informed. Unfortunately EVRM's development is at the mercy of the government and their timeline doesn't match the shareholder/trader expectations that is commonly found in pinkie land.
Once the short-term frustrated investors unwind their positions here (if they haven't finished doing so already), the bargain shoppers or long-termers enter the picture for an opportunity to average down. I think today was a signal that this was the case. And if today didn't mark the bottom, then this will happen soon enough. Too many people who liked this stock at .03 and higher and were willing to hold onto it into the .20s and higher, love it at .01. It's just a matter of time when the bottom feeders settle in and draw their line in the sand, if they haven't already. For the time being, I have.
Regards,
Rick
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