RE: ELR - Analysis....ELR is down today because people are selling their equities. Whoever bought at a high price today at $1.60 has definetely sold his shares later in order to have minimal loss depending selection of his or her choice or speculation that how far the price will go down.
Whoever bought at a low price, are selling as they have some more or less gains and are trying to get in again at a low price around $1.48 - $1.50
My next prediction for this ELR is $1.75 and it will be happening very soon before or after the quarterly results for the period ended March 31, 2009.
It could explode and move very quickly that you won`t have a chance to buy at a low price when this will fly at $1.75 at a later date.
Presently, the big players are accumulating the big block of shares at $1.48 - $1.50
But soon, it will be trading at $1.75 for sure. The target raised by analyst is $2.09