Comparing EGGS with ONSL, they are both going to list on the index.I don't understand why the price for the ONSL can surge that high easily, but not EGGS. It didn't seem any selling pressure on ONSL that did happen to EGGS recently. I think there may be a story related to the last summer while the stock had been pump-and-dump. Therefore, many investors are trying to sell their shares before "its next sell-off". I don't think it will happen this time. Since I can't find any reasons why the price was being hold in this level, comparing with ONSL, also COOL, EGGS is a better company with a good "brand name" so I would say the pressure of the price was created by last summer time.
Besides, after analyzing the valuation of other etailers' stock by using the price-to-sale, the method using by most of the analyst, I think EGGS is definitely undervalue. There are so many room for the price to rise. If it can break out the "psycholoical" point of high $20, it is possible for EGGS to catch up the "lag" between all other etailers. Also, after the huge recent promotion, the dissemination of its image will definitely create more publicity and raise the interest to EGGS. In fact, I start seeing EGGS advertisement every day in any media since last week. Further to the advertisement, Orban is also aggressively pursuing more "speech" opportunity to the public. He was in the CNBC last week and FOX business news today. EGGS is on the "move".
Obivously, the recent move in EGGS is much stronger and steady than the one happened in summer. EGGS is just in the etail business on the right track on the right time and on the right moment. Rapid growth of EGGS is foreseeable. I am confident for EGGS to break its record high soon. I am accumulating the EGGS since last month, with my average cost of $14. I am not going to sell my shares unless NASDAQ is going back to 1,700 level; otherwise, there is no reason for me to sell. We are investing in one of the greatest potential company. So seat back and relax, we are going to fly.
EGGS option is more active than ONSL, why?
Any opinions for the selling pressure?
Happy thanksgiving.
J. |
