My take on the trading action and the current PPS. I
My take on the trading action and the current PPS. I think some consultants holding S-8 shares decided to sell some off for the holidays on first the great Q3, and then the 2TRG news. I also think that some longs lightened up a bit that were incredibly green as the PPS has stagnated. Potential short positions in the stock are very minimal IMO...not even an issue. I did indeed give the company a call with a "WTF" message on VFIN being so damn aggressive all last week. My hope is that VFIN/VNDM are done and have their money for bigger Christmas presents!! They did in fact move out of the way about 30 minutes after my chat with the company...highly probable this was just a coincidence. Still nice to see them move though.
People bashing the stock are very weak skilled flippers. Flippers always look to see if an issue has a large "long following" in any stock which gives them more freedom to flip as less shares are being traded by actual flippers. They typically target issues with reasonable liquidity and larger channels to trade. EWSI is a mediocre flip at best because there is actually true value here and many large shareholders who continue to suck up the shares being added to the O/S.
I am going to encourage Nielson to conduct his CC before the Christmas shut down. If he has the time to organize and complete this activity, and if he provides even a hint of forward looking numbers, then I think we close 2013 in the 8 - 10 cent range. This is crazily undervalued right now. I do believe this issue should be trading between 20 - 30 based on known information and proven filed results. But, it is what it is.
I do enjoy this forum much more than IHUB. Less advertising and less bullshit. Is there risk for a long position in EWSI? Of course there is. Hopefully everyone understands their own risk tolerance as it relates to the EWSI opportunity. Intelligence and neutral discussion of those risks involved are welcome. Mindless bashing speaks to a lower form of trader IMO.
E-Waste Systems, Inc. (EWSI) Stock Research Links
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