Kmeister,
ENE is showing us today very clearly the danger of trying to catch falling knives. Traded below $10 already today, not a 52 week low or a 156 week low, but what looks like a 9 year low:
siliconinvestor.com
The more colorful and meaningful chart does not make the situation any rosier, does it? I heard on CNBC this morning that ENE is trying very hard to arrange financing, which is hardly surprising. This one looks ready to flatline:
stockcharts.com[h,a]dbclyimy[pc25!c50!c200!i!d20,2!f][vc60][iUb14!Uk14!Lc3!La12,26,9!Lp14,3,3!Lg]
3 years ago I probably would have tried to trade a bounce in this one, but experience in OXHP and MDR has taught me not to touch this particular type of hot dish, even with oven mitts ("accounting irregularities seasoned heavily with self-dealing, knavery, incest and cupidity, served on a lettuce of greed"). I must leave ENE profits and losses to the truly brave or foolish.
Kb |
