Toby -
The tone of your postings is increasingly negative, even in the face of good news.
What would make you happy? Are you just bored?
In the recent past most of your posts have had the flavor of being written by an investor who can't let go of a loser, of a jilted lover that can't get past the loss of a love ...
If you don't like the situation, fine, but accept it for what it is and move on if you have to ...
Most of us are focusing on the formation of an improving financial picture and "story" regarding this stock.
As someone else said recently, perhaps not on this board, ETPI, whether we like it or not, is still a penny/story stock. It moves with the sentiment of a very small group of investors/traders, who get most of their information from the Web-based investment boards.
Up until recently, the story was sad...now it appears ETPI has a pretty good chance of having a happy ending, provided you're willing to wait a little while for it.
In my view, the fact that the stock has kept it's price in the high 20's and seems to be gradually moving into the 30's is great news for longs...it will lessen the chances of another pump and dump by the traders in the crowd.
During the last run, when momentum slowed temporarily in the low 40's several messages crossed another board indicating that two traders were taking profits and moving out - which signaled more traders to sell - which created a self-fulfilling prophesy regarding the timing of the peak.
If we can build a reliable base here, and ratchet the price up slowly, the strength of the stock will build, and we'll attract an entirely different type of investor, the kind some of us seem to be - i.e. willing to hold on for a while, because we don't feed our families with this money.
So cut Doug a little slack. He and ETPI are moving the right direction. |
