If by some miracle this sees $1.60 again, I'm out.
Thank You so much Ravi for hanging the yoke of a Wall Street cockroach like Marxe and Greenhouse around our neck here...remember us, the loyal retail investors? didn't think so.
As unfortunate as the truth might be, Mr. Wacko-Job might be right about his $1.25 prognosis. We be just about correspond to the 20% dilution caused by the cockroach shares and the intermediate low obtained several weeks back when (probably the same cockroaches) sold off ECTY into oversold territory in an ugly 5 or 6 day blitz. In other words: $1.51/1.2= 1.26. this is where we are going, at least, even if the cockroach holds, since the entire markets know that Marxe will sell at a trifle above $1.60 come h_ll or high water. Who knows, looking at their record of 10:1 sales to buy ratio over the past 2 years, they'll probably work this one all the way down on their own, play both sides of the game, and wind up paying a buck at share when it's most convenient for them, and most inconvenient to retail investor "bagholders". Again, thanks so much, Ravi.
Praise the Lord we had a miracle happen today ;-) People from all around the world are visiting the ECTY board to witness the miracle .. I bet 60 minutes will do a story on it and the thread will end up on ebay ;-) ...
Good catch. Someone doesn't believe in holding true to intentions. Brian, if you did, you would no doubt see this go higher than 1.60 in the next year. It's your call, your money. This is in no way financial advice, as you must do your own due diligence in making decisions, but as for me, I'm staying in and will only get out if signs point to a price to drop substantial enough to sell out and buy back my shares at a lower price (as it just did). I haven't decided on a final exit point just yet. I'll stay as long as ECTY is making solid progress conducive to fostering a profitable business. Aside from pps, ECTY is doing better than ever right now in establishing a solid business.
With a market like this though, intentions can be hard to stick by. Don't let emotions cloud your judgment.