Water Boarding

[DiamondFire]

Diamond Pick for January, 2012: ELRA

...this one is trading tight only going sub-penny briefly after its initial spike. The chart is bullish to say the least, gradually going up on less and less volume, a very strong sign that not too many are selling but buying and holding. The close today was pretty pretty pretty pretty Larry David lol good - dId anyone else notice this? I like the charts on 'The Hot Penny Stock' website, check it out:

http://www.thehotpennystocks.com/Stock-Chat/stock-buzz.aspx?stock=elra

...also notice on the comment section next to chart that no day traders have been talking about it since the big run Tuesday? Meaning to me they are out at least on this site. Also its not ordinary for sub pennies to spike up AND HOLD/INCREASE on the immediate days after the initial spike. Usually pennies sink back down, like another online gambling play CYOS did for example.

But here is where we touch on why ELRA is bullish: imho and reading the DD from the past year, and btw the posters on the ELRA board who have been there for the last year - this is one of the potentially best online gambling stocks out there even compared to ones that trade in the dollars.

This reminds me off the stem cell plays a couple years ago, and I bought ACTC around .03 after reading a lot of good DD on it and posters who were on that board a long time with solid info. ACTC to me was as solid a play as say STEM was or other much higher stem cell stocks were.

Well here I find myself again: ELRA is @ .0165, it is headed by already seasoned experts in the online
gambling industry for the last 8 years, already has the connections and the software in the industry - and has taken it upon themselves to adhere to the previous (before last weeks ruling) strict U.S. online gambling laws - laws which eliminated some of the biggest players in the industry who were caught by FBI last year : ELRA, this less then two cent stock can potentially walk into this market space rather quickly and without some of its largest competitors.

We shall see what the New Year brings for ELRA. Yes, the AS is 1.5 billion and high. But the current OS is less than 300 mil and float less than 50 mil. This could of course change, and like many other pennies they could dilute and kill not only this run developing - but run it all the way down back to .002 and then RS.

But I have seen no evidence of this yet. Looking at the breakout this week, its traded like a small float stock.

Finally: ELRA is a penny stock on the forefront of a major ruling just passed - this ruling is in all the news sources and being even debated and discussed. When a penny of ours is involved so closely with big issues outside our bubble penny world: look out imo. Outside investors come in that traditionally dont, and what stock newsletter would not want to start accumulating then pump this, knowing that its an easily understood BUY, as its already big and current societal news.

Anyways, that's my take. I have often been wrong though - with a few huge winners. I think this is one. So imo see how this trades Tuesday, and if your like me be prepared to by any dips around .01 if that happens, but if it trades tight again then you might be forced to buy the ASK around .02 .....