Enthusiast Gaming Holdings Inc T.EGLX

You all ready???

[1condor]

For that dreaded HALT which will be coming any day now. Should be interesting.

[Puma1back]

Still think they consider reducing burn rate & drop down the US listing for now.    

[1condor]

Puma1back...That would be the best case scenario for them. But will they do it? Should know soon.

[Puma1back]

Well we got the sane decision and healthy  ut to burn rate.  

[Niceneasydoesit]

Wrong again. A coin flip has a better hit rate than you

[1condor]

They didnt have a chance at compliance. Now lets see how low they drag it down. Everyone holding this stock is now seriously in the red. What you all going to do now??

[1condor]

Niceneasydoesit...dont tell me you are holding this stock? Say it ain't so. 

[Niceneasydoesit]

You've got to be kidding. Sold a while ago at $1.15 and broke even., but made a ton when its was part of the Covid surge. 

[1condor]

niceneasydoesit...Okay...sure you did. Just incase you are interested this stock will now be dead money as it languishes around this level.

[Puma1back]

Until the final delisting i think it will languish, but if they turn BE on ebit than i think they could run it up and maybe do a small placement to take out debts etc - but certainly see pressure along with all these digital ad  beasts  

[Niceneasydoesit]

Well, the history on the thread backs up what I said. And no, I'm not interested in your guesses

[1condor]

Niceneasydoesit...So you continue to wear the blinders on this one? How do you think you got yourself into this position of holding this loser in the first place. If you are going to read threads on this site you must also at least consider the bearish comments...only reading the bullish threads will cost you dearly.as it surely has in this case.

[Niceneasydoesit]

What? Have another Scotch

[1condor]

You all still holding onto this dead money stock? Why? It is rudderless...and not even worth a trade.

[1condor]

Earnings was too light on the revenue. Below 40 cents is coming in the near term and still will be dead money going into 2024.

[Puma1back]

Exceprt from this morning's Globe: EGLX management continues to signal positive EBITDA in Q4, although this is critically dependent on spending trends in the back end of the quarter,” he said. “Q4 is normally a very seasonally strong period post Black Friday, with CPMs up across web and video, although macro pressures create continued uncertainty on the degree of improvement. Against that

[1condor]

As expected a sell off with this bad earnings. Also below 40 as expected. Not even worth a trade.

[1condor]

Considering how pathetic those earnings were I am surprised the stock is still above 30 cents. I forsee a dip below 30 cents soon. Those earnings were just plain terrible.

[1condor]

Tax loss selling is going to hit this stock...and soon. I am surprised it is still above 30 cents...but not for long. I keep warning you about this...but suspect no one is listening.

[1condor]

As I mentioned about a week ago...this stock is going sub 30 cents. Should happen this week. I would hope that major shareholders push for the company to be sold as current management is not capable of making money for investors. Would not be surprised to hear some rumblings about this soon. Not a holder but would definately do a trade on this news.

[Puma1back]

the market appears to be completely discounting the mgmt assertion that ebit goes green in Q4. Will be interesting to see who is right, though we all know who is usually right !  

[1condor]

There is the sub 30 cents I had promised you. Not many (if any) believed me when I put out that call. I guess many were too busy wearning the blinders and being sucked in by those analysts targets of 2, 3 or even 5 dollars. So funny. Not lets see how far down she goes as year end headwinds take hold.

[1condor]

This stock is starting to really take it on the chin on now. 27 cents as I type. Wont even try to give a bottom price as this stock is now in no mans land. I hope many read and took my threads seriously over the past severeal months. If you did and sold like I suggested...then I saved you a ton of dough. Enjoy your day.

[1condor]

Want to make a few bucks on EGLX...there is a trading pattern now in play...buy at 27 and sell at 32. Rinse and repeat. Just trying to help those who have been killed here holding this stock long. At least a few short term trades will soften the blow a bit. Enjoy. 

[1condor]

A chance for a "short" term trade here at 27 cents. Just be aware however that this stock is still in a "long" term downtrend (so obvious, but had to mention it). All I can say for you long term holders is the only hope now is for a takeover...the clock is quickly ticking down on this one.

[Steve33]

This company is getting  severely punished. When you dont make money they can push you down to anything. The company can't counter by buying back shares because their broke. Book value is $1.68. Condor has been right. Maybe it would be good to buy in now and play the swing. It only has to go up 5 cents to make 20 percent. Hoping for a January bounce like last year. 

[1condor]

Steve33..I was right on the stock gradually sinking into the abyss...however my call for a trade from 27 cents was dead wrong. Stock this morning is 24 cents. 

[Zibo510]

This post has been removed in accordance with Community Policy

[Steve33]

Poor guy who sold a million shares today took a brutal loss. Im down huge too. I figure it is so low now and my cash in value is pathetic that Im just keeping my shares and crossing my fingers.

[1condor]

EGLX finally seeing capitulation on high volume as some throwing in the towel. Another week of volatility in the cards..how low will it go? I suspect management is really sweating right now.

[1condor]

Steve33...I know this sucks but this is what EGLX needed as the capitulation process in now occurring. Sad for those holding that it took the low 20's to get this process to initiate. Expect some extreme price volatility into early 2024 as daytraders come into play.

[Puma1back]

Jones crossed 1.5 million at 21 cents - 

[Puma1back]

didn't look at that too closely- dumped not crossed - took about 20 minutes to unload the trade down to 20 cents