patience now, still up 20% in 3 days! Just wait for news
Small float means very volatile, however, just one good contract announcement could double us from here. Go back to oct 2, 15 to 34 in 3 days! And the co is just now starting to cook..Deals will be signed monthly, more news will follow, more upward momentum too. Just hold tight, don't let the market makers take your stops out!
But, I have a very strong feeling that this one is going to run for a while. I saw this same type of action with BIDU 2 years ago. They have a complete blowout quarter (similar to EFUT, depending on how you want to look at it) and the stock was dominated by short sellers. The day after the earnings report the stock quickly went for a 20% pop and then settled down to a high single digits gain for the day. It stayed there for a little while and drifted lower, but when the institutions started stepping in it just kept going higher and higher to over $400 a share. After the blowout earnings it was trading around $120 though.
Their management forecasts are similar to EFUT. Underpromise and overdeliver. Investors KNOW this and as the year progresses you will see this go MUCH higher in anticipation of this. While 16-17M in revenue will make the stock trade at higher levels than a 40M market cap, they may blowout those numbers as well. It certainly wouldn't surprise me. If that happens you will have about a $50 stock in my honest opinion.
I am going to go out on a limb and predict that this stock will drift lower over the coming days, but as the story unfolds it will rise dramatically higher. I would just hold on and wait for this to happen. Today attracted a lot of new investors and many of the weak hands who bought at levels lower than this contributed to the selling pressure.
I am convinced that after that earnings report things will get better and better for this company. Those who have patience and are willing to see it through will be rewarded tremendously. Chinese economy is going to have MAJOR growth in all aspects in the future. Why would you not want to be a part of it?