I simply have no explanation for EIDSY trading at these levels.
As I said, their recent releases simply suck (I haven't seen "Soul Reaver" so far, but their other releases like Braveheart or Formula racing were not good quality - to use a term from the movie industry, I would call these titles "boring, cheap looking B-movies").
Anyway, as I said the earnings numbers not met expectations and this stock is going UP (we are really living in a strange world!).
I'm really glad that I haven't opened a short position in EIDSY (otherwise this stock would've broken my neck!) and I'm not intending to do so.
Don't call me a scared old lady, but this stock looks spooky to me. I don't want to commit financial suicide, so I will not take a short in this scary stock ever. On the other hand, I'll not buy a single share at any price above 20 (don't say, they can't go back to this level, with this strange stock everything is possible).
In the meantime, there are other stocks with better outlooks (Yep, I still like IPLY, perhaps I'm some sort of a contrarian, but their market cap is 50 mill. compared to EIDSYs 1.2 bill.)
Greetings,
Kai |
