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Ecotality, AŞ Message Board

  • analogphoneline analogphoneline Aug 12, 2013 7:50 PM Flag

    Careful

    Hope you did not learn the hard way about diversity. ECTY had a current ratio below 1 and dwindling cash. Current ratio relates to debt coming due and ability to pay within the year. 1 normally means they can meet their obligations. There are some special circumstances but most companies with current ratios below 1 are in trouble. You can find this under key statistics. I was tempted by ECTY but was not a holder due to the current ratio and uncertainty. Take this sad time to look at your portfolio for diversity and don't just trade on technical indicators. Look at the fundamentals before ever even trading on technical indicators. I'm personally surprised that ECTY could not find funding after such a move this year. I'm sorry if you lost money. I personally diversified a bit more after this wakeup call. If you trade smart you will make it back.

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