RE:RE:Nothing to really justify the dropwestcoastlogger wrote: ERTguy I take the time to read your technical analysis although I'm not necessarily one to agree with TA all the time but I can recognize trend lines on charts and can pretty well get up in the morning after a great week and say to myself, "Yep its about time to consolidate and put a stop to all the good news for a few days." I'm usually right and I don't let it bother me. I refuse to sell stock I'm committed to being long on for years. Kind of like the way Hoyt and Crawford feel about this gem.
I tend to combine fundamentals and TA when placing my trades. I don't take large positions like I have here unless there is something unique about the play that stands out. I think this company is in a much better position than the acquisition spree that Dalsin sent this play on back in 2014. We're finally seeing the result of the business integration come in to play and I think once the company shows organic growth on both sides of the business it's go time. We are long past that $100 million revenue run rate the company had it's sight set on and I don't think there is any further need for dilution which is a huge positive for new shareholders looking to get in especially on this drop. I had a similar issue on May 31st with a massive intraday drop with ECN. There was a rumour of a short report coming out that EFN was going to be shorted heavily and since ECN is tied to that company through the BOD they dropped 25% and 40% respectively within minutes of intraday trading for no rhyme or reason. Sometimes the drops can get A little exaggerated especially when algo's come in to play and I think that's what we saw here today. As far as the trend is concerned I took another look at it this evening and mapped out a more realistic expectation. I think we see a recovery going into the next and some further consolidation into the next 2 weeks within the trading range I've mapped out below.
