This is a manipulated bear raid this morning, what ever you do don't sell. Earnings were fantastic, outlook was even raised. Expectations were beat. The ELLI user base continues to gain share. I expect this hits a 52 week high soon enough, just hold, it doesn't get much easier than that.
Bananas, if the stock market always made sense, we would all be very rich. ELLI does get manipulated around a lot, that is how many of the funds make big gains. However, it is much easier to invest and ride thinks out of you know you invested in a winner with great prospects. Therefore, unless your a very sophisticated trader, it easiest to just buy on the dips and when the stock breaks above its 52 week high consider taking some profits, but don't sell everything as it may just continue to hit new highs down the road. You, could be kicking yourself two years down the road when it is trading 100+ which is realistic. Anyway, don't worry, and don't be afraid to pull the trigger on days like today to add to your position. You are correct, today made absolutely no sense, I actually would have thought the stock would have been up 10% today. Anyway, tomorrow is a new day, If this dips down a little tomorrow I will double my position, as I almost did that today. Stay long and strong-- cheers
It is not easy, but more frustrating especially if you are looking for "sense" in a stock. This stock does not make sense. It could hits its high, but who knows - it could test 20 again, then come back up. Then you are in summer and then it could hit a lull, like many stocks do in the summer. You can always keep buying low after this fake correction or the other fake corrections. But there will be a time (I hope), that this will make a new high (and you would think that it should), so we can take profits. But it is not up to us to make that decision, but the big players that are playing around with this stock.