Posted On: 06/14/2014 9:39:05 AM
Post# of 3844
We should be helping each other not squabbling.
IMHO days like Friday will definitely continue until news and momentum overcome manipulators. In fact, we know they will always be present since this is how they make their money and is partly why a stock price, even in good times, goes upward in a jagged fashion, two steps forward one step back. The key, obviously, is for a company to have such strong performance, continual great news, and confidence being built that the buying pressure out weighs the actions of manipulators with the net effect of the PPS going upward. EWSI has a long way to go to reach this point. The China revenue resolution will help significantly, but I feel there has to be even more. EWSI needs to prove they have a better mousetrap for the ewaste world - on-line better equipment, well thought out partners and relationships, and clear, demonstrable ways they can make profit in this space. Big investors and trading clubs will remain on the sidelines till this is clear. We all know there are many instances now around the world where companies/people are starting to do the right thing to solve the ewaste dilemna, helping society at large but not making any money doing so. Who will emerge as the company who gets it right?
Here's a key question: the consolidation of that big player in ewaste last week (closing plants) hopefully means they had spread themselves too thin and did not have the state-of-the-art equipment and/or methodology and focus to maximize profits, e.g. extracting gold for resale not just recycling plastic. So they're pulling in their horns a bit to refocus on the most profitable areas of ewaste handling as they become clear. I hope this is the case rather then that companies in this space can't figure out how to make money, even given the current wind at their backs as ewaste becomes a "cause celebre" around the world. I don't know enough to comment on which is true.
So, that guy who mentioned he got out in the .03s and is about to get back in at the .01s played it like we all wished we had. Kudos to him. EWSI is a flippers stock, manipulators stock currently, like it or not. I'm down 70% at least as of yesterday and am therefore stuck. No powder to play the flip game even if I had confidence I could do it effectively. So I wait and hope.
No doubt I got sucked in way too early on this one. Things looked so rosy in late 2013 that I know I'm not alone. I did not realize the China problem would give manipulators such a free hand. And I don't remember any of the few folks I trust on these boards sounding the alarm bell. Seems most dedicated long people are afraid to sound that bell for fear they'll assist a sell off. Fact is it wouldn't matter. Manipulators control everything so IMHO we all missed an opportunity to help each other play the game as it was unfolding. Maybe then we wouldn't be so frustrated and impatient. Being just a true long these days sucks!
IMHO days like Friday will definitely continue until news and momentum overcome manipulators. In fact, we know they will always be present since this is how they make their money and is partly why a stock price, even in good times, goes upward in a jagged fashion, two steps forward one step back. The key, obviously, is for a company to have such strong performance, continual great news, and confidence being built that the buying pressure out weighs the actions of manipulators with the net effect of the PPS going upward. EWSI has a long way to go to reach this point. The China revenue resolution will help significantly, but I feel there has to be even more. EWSI needs to prove they have a better mousetrap for the ewaste world - on-line better equipment, well thought out partners and relationships, and clear, demonstrable ways they can make profit in this space. Big investors and trading clubs will remain on the sidelines till this is clear. We all know there are many instances now around the world where companies/people are starting to do the right thing to solve the ewaste dilemna, helping society at large but not making any money doing so. Who will emerge as the company who gets it right?
Here's a key question: the consolidation of that big player in ewaste last week (closing plants) hopefully means they had spread themselves too thin and did not have the state-of-the-art equipment and/or methodology and focus to maximize profits, e.g. extracting gold for resale not just recycling plastic. So they're pulling in their horns a bit to refocus on the most profitable areas of ewaste handling as they become clear. I hope this is the case rather then that companies in this space can't figure out how to make money, even given the current wind at their backs as ewaste becomes a "cause celebre" around the world. I don't know enough to comment on which is true.
So, that guy who mentioned he got out in the .03s and is about to get back in at the .01s played it like we all wished we had. Kudos to him. EWSI is a flippers stock, manipulators stock currently, like it or not. I'm down 70% at least as of yesterday and am therefore stuck. No powder to play the flip game even if I had confidence I could do it effectively. So I wait and hope.
No doubt I got sucked in way too early on this one. Things looked so rosy in late 2013 that I know I'm not alone. I did not realize the China problem would give manipulators such a free hand. And I don't remember any of the few folks I trust on these boards sounding the alarm bell. Seems most dedicated long people are afraid to sound that bell for fear they'll assist a sell off. Fact is it wouldn't matter. Manipulators control everything so IMHO we all missed an opportunity to help each other play the game as it was unfolding. Maybe then we wouldn't be so frustrated and impatient. Being just a true long these days sucks!
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