Eternal Image Inc (fka ETNLQ)

[caseytrader]

Still no change in OS: Re-confirmed 714,604,135

Food for thought:

There is a dominant negative sentiment among shareholders, some of whom have shared publicly they are done & selling their holdings. The interest in buying wanes as patience in ROI is tested time and again.

Shares hitting the market are not being readily picked up for a very good reason mentioned here: EI has yet to prove its value is worth the risk.

Here's why I just bought 100k more trading shares:

The RSI indicates selling is unsustainable as ETNL is oversold.

Those that will buy can demand bargain prices and get them.

For the entire month of October, just over 13 million shares have changed hands.
Rounded up, this amounts to .02% of OS, which remains at 714,604,135 shares, leaving 35,395,865 unused AS.

This means the stock has a potential dilution of less than 5% of its current value.

ETNL's history tells us they typically release shares into the market in small portions and it is highly unlikely a rumored RS will happen until the remaining 35+ million AS are used.

My trading rule: Make a plan and stick with it unless something tangible within the company occurs to warrant a change. I expected modest results in Q3, and indications of stronger, more sustainable results in Q4. I will be here at least until I've had the chance to go over those filings.

There are many indicators one can speculate on--such as the technicals I just used to buy a bundle of trading shares. However, speculation often leads to expectation. It's also an emotionally charged activator that turns bulls & bears into sheep. Best to all, and keep the conversation going!