I just knew we'd get a bounce off old Naz low, even though we pierced it. No worries with EGLS. Always follows the trend. Sure and steady. Watch ESIO and KLIC and INTC tomorrow. Have plenty of cash to play either direction. sky.
You are so right--- if they are such great analysts why did they wait until a 9 year low to change from buy and these are experts-- give me a break.
This is the time for all who believe in Electroglas to step up and meet the challenges and this will leave a better company for the future. Being forged in this crucible builds character. Stay strong my friends.
CIBC downgraded from Buy to Underperform this morning, but this is obviously worth no more than the Buy rating they have maintained until today. In fact, one could have made a lot of money by doing the opposite of their ratings, and that probably is still true at this moment.
Just my opinion.
The sale of 35.5m of convertibles a month ago now looks like a brillant move, and I commend management for having the foresight to get it done before the stock collapsed. From today's perspective, it looks like the convertible price will eventually be repriced to 10.25.
I bought more at 7 this morning. Never thought I'd see the day though. Is it a sucker move, or am I being smart (and surely brave)?
Sky: You must be losing a load on EGLS. Just added 1000sh to my position at 7.66. Earnings out tomorrow. Will it be another KLIC disaster or a surprise? EGLS is not exactly famous for making their numbers.
Just an opinion.
According to Yahoo, the stock is now trading below book value. Also, over 1m shares short. Could be a very nice pop tomorrow on any positive news. On the other hand, EGLS is not exactly famous for positive news.
Just my opinion.
Going through my annual reports recently, I noticed that a dollar in EGLS since it's ipo is now worth 91 cents. I had AMD but bailed when Their PEG was nearly 12 despite the sell-off prices earlier this year. Opened my eyes to the technology sector. Lots of smoke but not nearly as much fire. Fierce competition requiring significant r&d.
Thanks for the link.