RE:RE:Are we gone see under$1.00 by the end of the yearWell the price is frozen rigth which is unequivocal proof that there is absolutely not enough buyers that really believe good news is coming, from anywhere, anytime, even with gold up.
This is what I call the post capitulation coma.
ELD will only react to good news , not gold news.
ELD will drop to 1.28 if the results are worse then a loss of .05 . If there is a gain we go up .10
or something like slow hand clapping enthusiasm.
If the news is bad tonight there is nothing left in terms of predictable bad news bagage to short ELD in the $1.20 range.
Then the stock will go up, mark my word. Why ? Because it is at the bottom, good gold price - no reaction, gold sector down, the company bad news is already factored in, the company has great assets and low debt. The bullshitters on this site that talk about sub $1 are really lazy bums, dont understand accounting and frankly are pretty incompetent.