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razorpockets

02/21/09 9:31 AM

#85162 RE: Randazzio #85159

The bottom line is this: Does the stock price represent a fair valuation based upon the company's projected earnings? The answer is a definitive "No". Projected sales of $40 million in 2009 and the current market cap is only $25 million. The price should be around 1-2 times sales which would put it in the $.04-.$.05 range. So my suggestion would be to hold until the stock price goes up again and represents a fair valuation based upon the company's sales and earnings. It will eventually like every stock does. This has much more volatility obviously because it's on the Pink Sheets which is a haven for flippers. FYI: I am holding over 20 million shares. GLTY.
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Gastrodamas

02/21/09 9:59 AM

#85165 RE: Randazzio #85159

It was no surprise watching the rise and fall. What was surprising was the rise and a pullback then it rose again to .05 cents. The rebound from .01 after the .05 rise was from the traders who new that it would happen because of the momentum it had. Good lesson for the next run whenever that may be.
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garrett800ca

02/21/09 11:46 AM

#85209 RE: Randazzio #85159

Sounds to me that if you bought at triple zeros and had an opportunity to sell at .03 range, you DID hit the mother lode! If you didn't sell any after looking at that kind of return, I really have little sympathy for your dilemma.
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stockjunkie05

02/21/09 11:50 AM

#85212 RE: Randazzio #85159

interesting post!!
i too have looked back to last year on charts as well as posts but i do feel we are comparing apples to oranges as eeso currently has alot of irons in the fire with incredible potential, as drifter has said take some profits along the way!
by doing this it becomes more fun and less stessful for sure!
On a final note just because someone is new to posting on this board doesnt mean they are new to trading so take it easy on us.
GO EESO!!!!!!!!!!