The nervous shorts are the only ones participating at this time. Thats why the price has steadily risen on such low volume. Shorts are locking in profits from $5 and $6. The fact that nobody is buying at this level says a lot about the progress or lack thereof behind the scenes. If anything positive was going on, volume would double.
It's close to 3.5 than 6.5 at this point. I've cut even more of my holdings, taking a wonderful bath in red losses.
Not sure if I'll ever get back into this stock... one more of the faithful down for the count?
Agree with your opinion. Nobody is interested in ELON because they have no NEW ORDERS coming in. I expect layoffs in the next 1-2 months. There is no way ELON can continue to pay those high salaries in Engineering, OPS etc. They need to re orginize and get rid of the dead weight. Thier Design Dept cannot and has not come up with anything worth any value to the customers. It is the same old designs and the same old OLD people who cannot think outside the box. They need fresh blood and innovative thinkers.
Picture is worth 1K words:
Sad but true. I *INVESTED* in this company in 1999. To say I'm disappointed doesn't remotely describe my feelings. I pity those over-leveraged in ELON, and way more so the employees of Echelon and the status of their 401k. Superior technology. Weakest management ever. Unbelievable.
Thats why it will be so nice.....
Still believe a big boy will want in before cc so either Tuesday or Wednesday we will see 10 times normal volume. Fact they waited so long will make it much harder to hife or hold down. Thats ok with me...
Had the start of a big push this morning then silent. 75k shares in an hour then zip.
Ah John must be a pain feeling so negative all the time. I'm no Missy Merry Sunberry but will say I firmly think the big move takes place in 3rd quarter of this year and the guidance for 3rd quarter and beyond is going to be moved up CONSIDERABLY during the CC. The consequences on a small float stock like ELON will be EXPLOSIVE!!!!! $6.50 on May 9th ..