Replies to post #111473 on Savvy Trades and Investments

[hweb2]

ELTK still ran all the way to the $20's a few weeks ago, even with that insider selling. And you have a group of investors who bought shares last month at $16/share. I'm assuming they did some kind of homework. Now if insiders begin selling again down here...then I'll see your point.

I think the stock rebounds a bit from here. As such a huge selloff from a currency hit in Q4 other income is kinda crazy imo. Already bounced up to around $11.90 earlier. Was tempted to flip a few shares, but it looked like it was headed back over $12, on to a new high for the day. Stock was still quite cheap there with over $3/share in cash after the offering, plus quarterly earnings of at least .25-.30/share going forward. Didn't sell any, and of course it came right back down ha

[wadegarret]

KIK- ELTK

Thanks for the heads up, but if the insider selling were such a huge concern, why did they get an offering done at $16 recently ? I mean were the Institutions buying not aware of this ? Then again, I do agree that the perpetual insider selling for this person gives little comfort, despite the solid company fundies.