I agree, not a bad day and pretty much in lines with my expectations. The news Friday was simply confirmation of what I think most following EK at this point had expected to happen. I was disappointed not to see more news on this come out today, since I think some missed it late Friday, I think a bit more coverage could have gotten us into the $0.40+ range.
The next catalyst is probably the 10Q which should be out soon and hopefully will provide further upward pressure.
My cost basis is just under $0.40 and it would be killer to get into the green this week.
Agreed. But not a great day either IMO. I expected a bigger bounce in the 40 plus percent range. The reason why its not a great day is that any bad news could not us back to 27 imo. Hopefully something leaks and this puppy completely wipes out the shorts.