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e-Future Information Technology Inc. Message Board

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  • investing_rules investing_rules Sep 30, 2009 12:06 AM Flag

    Still Waiting on the Restatement

    Good point. I held it for 18+ months until the restatement news. I just want the news out before I do anything. The way this thing has traded leads me to believe it will pull back on the news. Each time they release good news like the Microsoft news it runs up and bleeds back--no follow through.

    I love the future prospects of this company however I just don't think the news could possibly be perceived as good. When they restate the earnings lower because of the additional expense it just won't look good at first glance. That is when I want to come in and pick up some shares. The future may be bright but there is a storm to go through first. JMHO

    Good luck to all! I will be watching and waiting!

    gl

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    • This is what most everyone is doing and why the stock is dead. The holders know it will go up eventually, and buyers know it's going to drop first before it goes up.

      Mexican standoff and here we are.

      • 1 Reply to tagetlocman
      • real bad news real good news. Hopefully only about a day apart.
        Bad; claiming a technical loss for last three previous quarters. Also a dilution for the retirement holding fund. maybe 400k shares. (guessing)

        Good; 2nd Q brings in a walloping 7.2 mil as compared to 2.5 the last 2nd Q.
        And a new significant contract. Also an increase in revenue estimates.

        This is all my opinion, but we will see how close it will be.

        Have you been keeping track of institutional holdings?

 
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