Pro. Ravi, not Reed, is in charge. Ravi still has a good head on his shoulders and a solid direction for where the company is heading. He is still moving forward and making progress, regardless of what the market says the shares are worth.
Im short-term also ..ECTY keeps pushing back the profitable quarters .. Ill go long-term and heavy here sometime in 2014 when there is a possibility of profits, once profits start coming in ECTY will take off ..
Nissan is having record sales (leases) for the Leaf ...
Once again the E-Car market is not shrinking, it is expanding, close to 10,000 E-Cars a month are being produced currently.. By 2014 sales should double (20k) and ECTY revenues should more then double if not triple, and that should equal some nice profits ..
CON marxegreens has pretty much put a short term lid on this around 1.60 is how I felt today and the uncertainty about how much they will sell could prevent this stock from rising in the near term as it has come back so quickly in the past. PRO Where there is risk comes reward. This resistance is presenting the possibility that these next few months could be a great time to add. The risky part is where the bottom will be. 1.45, 1.35, 1.00? I really believe if it goes down further though that it is short term and the reward potential is far greater than the risk. JMHO