That is a great post and very close to what I have been thinking this morning PPL are taking profit IMO with the market being so low they are moving into some of the bigger stocks that look like good deals right now. Still too scary the way world markets are dropping. But seeing the support in this price range for EESO its only a matter of time before we start to move back up. This is just a health move in the EESO story to build support for the stock at this level. EESO is IMO is still the place to put your hard earned money and watch it grow.
Stay Long and reap the reward at the end
19cougar73
Posted by: hmp660 Date: Tuesday, March 03, 2009 7:50:23 AM
In reply to: jimstr who wrote msg# 90750 Post # of 90760 [Send a link via email]
IMO There is no great conspiracy between EESO, MM's, Allie, etc. to keep this stock at the level it's currently at as some are purporting. Folks are forgetting that there are millions..no, hundreds of millions of shares that were bought in the triple and double 0's. That's what is hitting the market right now and keeping continuous selling pressure on the stock. That will continue until positions are trimmed to a level individuals are comfortable with or some huge catalyst happens to the stock which would break it out of this range. However, on the other hand, when the daily selling pressure starts picking up there is no shortage of buyers at the .02 level. That is good for the stock and is becoming a very strong level of support. There is nothing wrong with this stock and it's trading in a very healthy pattern IMO.
-Dave-
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