EJH Has Legs
A couple of things about EJH that will result in the the position going back up to a reasonable level of between $8-$12 in the near future. This is not going to be highly detailed but will give info that I think is relevant
1. All the downturn was on no news..or no news with the company. It just cratered. (To be clear my average position is $3.98) Why? Well it is a Chinese stock and had just had their IPO. Not the best environment. So why did it go down? Who sold?
2. The company is profitable, and is in a sector the Central Government is not that concerned about and for which there will be a huge need in China
3. While it is the simplest of analysis, the company jumps on huge volume.
What do I think happened? I think the stakeholders bailed when they saw the price go to the moon because they thought the Central Government would some how get involved or they just figured I can sell now and buy later on it. But I do think that since the stock has absolutely cratered there are extremely large positions being bought. Someone is buying up large blocks and look to be for the long term. I think there are a lot of holders on any bump are going to dump because they have been burned as well.
EJH screams $15 more than $1. Is it an overnight slam dunk? No but it will crawl back out as it continues to make money.
1. All the downturn was on no news..or no news with the company. It just cratered. (To be clear my average position is $3.98) Why? Well it is a Chinese stock and had just had their IPO. Not the best environment. So why did it go down? Who sold?
2. The company is profitable, and is in a sector the Central Government is not that concerned about and for which there will be a huge need in China
3. While it is the simplest of analysis, the company jumps on huge volume.
What do I think happened? I think the stakeholders bailed when they saw the price go to the moon because they thought the Central Government would some how get involved or they just figured I can sell now and buy later on it. But I do think that since the stock has absolutely cratered there are extremely large positions being bought. Someone is buying up large blocks and look to be for the long term. I think there are a lot of holders on any bump are going to dump because they have been burned as well.
EJH screams $15 more than $1. Is it an overnight slam dunk? No but it will crawl back out as it continues to make money.
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