Value Microcaps Free-For-All

[Marvelmeister2002]

Bunky,
Today's sell-off was a joke. My EGSRE position was already extremely large, and I took it up 20% today. The company neither needs nor wants Double G as a business partner. They're better off without them.

The Double G PR was virtually meaningless, imho. Despite changing nothing, it sparked a sell-off because investors were already skittish about the late filing, and it seemed to suggest that EGSRE is hurting for cash flow- that makes a big impression on investors starved for operational updates, as today's action attests. But the filing should happen very soon, and today's PR will be forgotten once EGSRE resumes providing updates to the Street.

EGSRE management certainly needs to get its act together. But, even assuming total incompetence on the part of management, EGSRE is a buy at this level imho.

That's why I was buying big today.
Meister