This is one of the oddest stocks I follow. Some of the smartest investors I follow state ELLA is an extremely strong buy-- as well as my own independent analysis of its latest earnings report, and CC. This baby is cheap even with a conservative multiple and growing fast. It is in the tech and mortgage sectors, both very hot now. It is destroying the competition, and its user base is growing fast. I've even used its automated software-- and was very impressed, which was why I bought shares to begin with. Anyway, I'm trying to figure out what is going on with the share price myself, and while I know some large funds are attempting to shake out the weak hands, in order to jack it up later, I'm still surprised anyone is selling, and it goes down at all. I just had to buy another block at the end of trading today, and consider it easy money coming my way in the near-term. Trust me, one morning you guys are going to get up and see ELLI trading up huge when you least expect it!
ELLI is following the housing market stocks, which has been spotty as well. Kind of stuck in the mud. Patience is the name of the game, unless you can't wait and think you can make money someplace else in the short run. Depends on you.
yeah, she just broke out of an upward trend but should find support around 23. It is a strange stock and I agree with your DD. It will get there. We are just going to have to be patent. The rest of the market will catch up soon and get reaquaiinted with ELLI.