There has never been a doubt in my mind that NH has the intelligence and business acumen to keep the day to day machinations of EP close to the vest until the targeted goals are reached. This is a critical strategy in any winning game.
Now is not the time to get into EGLT; price is on its way down. Not a negative indicator; it is just the natural pullback.
Hello Bar: It's been a long time since we've shared stock info. I hope this day finds you well. You deserve good things. I haven't corresponded with DC in a very long time. Got out of that before it went all the way down. BTW, want to tell you I think the bottom in gold is right at about 960. (I've studied hard these last five years.) I am waiting to get into a gold stock at that time. Warm wishes, Sharpei
I wish this were an exact science, but....I do think that w/o an announcement tomorrow, given what is happening in the larger mkts, including IBB, will affect us. There are conflicting indicators adding to the difficulty of calling it here. (Never offended by honest disagreement.)
It is becoming evident that a price about .205 may be likely by Friday. Friday is the historical low of the week for ELTP and it would be a Fibonacci calculation of .33/1.618 that would place us in that spot. Re: the chart image, there is a long green/white candle on the 6 mo chart on 01/26 and that number would complete the double bottom. The markets are in some turmoil and this small pullback is minimal by comparison to what is happening to other bios in this category.
csuck: I don't give a rip whether people buy, sell or play with marbles and I never profess to be right. All I can do is call it as I see it. And I frequently add the disclosure 'Not intended to induce blah blah'. And I sometimes forget to do so. I also don't get up tight about what someone else thinks or does AS SO MANY SEEM TO DO; so I write something that makes some people stop and think about TA, or if they learn something about charting, it's okay. I never intend to deceive or print what I am not doing. So, if we go to .21...Yes, you may be right, so be it. I'll still be here when it does turn. I wish everyone well...including you and rfw.
Jim: Take a look at the chart I just posted on IHUB. It shows what happens right after a close BELOW the BBs. Best wishes to you!!!!! Sharpei
cd: Just published IHUB the one year chart with highlights of where we've closed below the lower band and rose the next day, starting new trend.
Jim, the interminable 'bear channel' has outlived its welcome, that's for sure. Remember though it's year long presence bears testament to the massive upside to come. Yes, I am gnashing teeth, also. It's time for a change!!!!!!!!!!
cdbellpt: Actually the A/D is where you would want it (6 mos chart) just before it turns around. Check; it's below all bottoms since March 2014 (I mean look where it is on the 5th!); but the indicators are not in agreement. I lean toward .23 being the bottom, but my personal bias is always to the positive. So I am looking for PR pre market; if not, all bets are off. I see a close below the lower BB; in my book that's a bottom....!!!! Sorry I can't be any more certain, but I was feeling pretty smug at the .23 at the close of day. :) Best to you, Sharpei
bsteiner: I, too would like to be added to that list of people who attempted to bring a rational argument to bear when the caution bells were so loud I couldn't hear myself think. And my message was received in much the same way. In every case, I believe the warnings fell on deaf ears. Now they are screaming 'Get Gerald out!' It is painful to watch.
Last Summer I posted warnings on this (and had private communications with some who remain long to this day) based on the long term chart and my own assessment of GC's performance. It makes me sad to see this. Again I am reminded of Peter Lynch's warning about companies run by questionable talent.
Sorry, I failed to include the name Norman Mineta (former U.S. Secretary of Transportation and U.S. Secretary of Commerce) for whom Mineta airport San Jose CA is named.
Robert: Let me tell you a true story about my experience with a stock that had Edmund C Moy, former director of the US mint, former U.S. Secretary of Transportation and U.S. Secretary of Commerce as a VP Operations (Moy) and Director I held from 2010-2013. It is now out of business and the ceo in prison!