Post by
traderguy5000 on Aug 14, 2019 2:41pm
Selling the News
While, I'm still very long, I did sell some on the way up. Investors are definitely selling the news. I may buy lower. A few months ago, EL had to raise capital, just to stay in business. Now there are a couple of suitors. That may or may not happen. Contracts have been anounced recently, but they remain tiny. I really hope we get a buyout, as I don't think EL is going to make it on sales. Whether we get a buyout or increased sales, we don't have much longer to wait for this to play out.
Comment by
cashmoney88 on Aug 14, 2019 8:38pm
I traded some on the volume and grabbed some at .085 today as it’s back down to the price where they first announced interest in the company. Probably gonna trade sideways until more information comes out! If an offer comes we could see 50% to 500% gain overnight! Love the risk reward!
Comment by
famar on Aug 14, 2019 9:47pm
I think many antiscipated some sort of NR or targetting some sort of big revenue source. didn't see the need for that call in program if they hadn't any golden bullet focusing on the stars. EL simply shot themselves in the foot. Still hoping for a surprize NR. GLTA...fmb