Hey MAGA, Timing101, Jim46, Catpole and all of the usual suspects. I've been wrapping up our season and have been involved in more big board plays the last few months as this market has been filled with tremendous flip and swing trade opportunities. I agree with your 3 options and would like to add a 4th-swing trading this one.
I am always amazed by those that chime in to highlight what they feel to be negative trends, when in reality, anyone who does not have a swing trade account for this stock is either crazy or doesn't have the money or knowledge to do so. Look at a chart for this stock during the last year. If you can't see the pattern then you are a novice and should be reading a book on investing/trading instead of posting here.
Someone suggested putting money in a bank account at 2% and that would be a better return than this stock. I have a better idea: Take the swing trade profits, index mutual funds at a rate of 12% of the profits per month on a month to month basis, sit back and watch a 22-28% return on that investment. That is a conservative estimate based on current market conditions.
As a former corporate auditor I look at the metrics. As a former auditor for the largest health care provider in the world I also look at the science. I have posted on that numerous times. The ENZC science is sound. Whether they have the business savvy to get this to the next level is another question. They have the patents and that in itself is a big plus.
52 week lows are all a part of the metrics, especially if you are swing trading. I'll take a 52 week low followed by a 8-12% bump any day.
I appreciate your due diligence and insight, in particular your L2 observations. I also appreciate Timing101's deep dives into the quarterlies. As an investor all you can do is take the facts, watch the trends, work the metrics and hit that key stroke when it's within your zone. I have blocked so many people on this and other boards who bring nothing but negativity to the party. The fact is, I am up over 900% on my long position with ENZC and I have taken a substantial amount from the swing trade account and diversified that into other holdings while maintaining my initial investment there. The overall initial investment has been covered many times over and I have been playing with house money for over a year now. ENZC could fold tomorrow and that would be that.
Haters are going to hate and there's usually a reason for it. I look for the opportunities and call the plays that are relevant. As a head coach and investor/trader you have to do that. There is a lot of useless noise out there. You've got to drown it out, work your game plan and call the plays that put you in the position to win. You can see the opportunity or you can complain about it.
We finished up the season by winning our division, winning a home playoff game and then traveling 3 hours to lose a tough one to the top teams in the state (who went on to win the state championship). We started 4 freshmen in that game. We had 7 all-conference representatives, including 2 freshmen. Great group of young ladies.
Doing yard work the rest of the day then flipping some burgers and relaxing. Best of luck to all.
Cheers,
Coach
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