Interesting price dynamics or should I say gymnastics! If you...

Interesting price dynamics or should I say gymnastics! If you were worried about the price you'd go nuts! Two factors got me into this stock and now I never bother looking at the price.

1) It is in the vehicle automation space (ASAS) "Elsight has started to build a strong sales pipeline in the Transportation/Fleet management market with the new “Omnisight” product and Elsight's new “RiderT“ series. Due to strong interest, the focus is mainly on bus and truck companies, as well as garbage trucks known to cause damage while navigating the narrow streets of various municipalities - all to increase driver safety and security while reducing insurance cost. 94.5 FM was interviewing a "Futurist" and he that there will be society transforming changes in the next few years and that one of the biggest changes are "driverless vehicles".

2) ELS has "just concluded the integration with one major player in the Advanced Driver Assistance Systems (ADAS) sector and is finalizing the integration with a second leading ADAS player. This process can take up to several months, but once completed will add huge value for both parties."

"Elsight confirms it provides the only solution currently able to distribute 4K resolution (ie broadcast quality) video over cellular networks ‘on the move’ with 0.5-second latency. This positions Elsight well to benefit from the growth in M2M (machine-to-machine) video communications in the Defence, Security and Transport industries. Supporting this view is that Elsight is the exclusive provider of these communications to • the Israeli Military and Police; and • the leading OEM previously announced. Elsight is developing a joint product with a world-renowned player in the ADAS systems sector and aftermarket car space. The product will allow both companies to market and sell vehicle security and safety systems worldwide adding huge value to the customer and to each other's product offering. The Board would like to assure that the integration work, with this company, is proceeding according to plan, and is expected to be concluded shortly, and that Elsight’s management is working according to the new process to secure the authorization of this name release as soon as possible.

Add to this that revenues continue to increase every quarter.
"Elsight is pleased to advise that in line with the revenue increase in Q4 2017, cash receipts so far in Q2 are $US305k (a 94% increase from Q1, and a record quarter for the company)."

I will probably check the share price monthly but really this is a share that should be stored away and out of sight in case you are tempted to sell. Let the traders play their price gymnastics. Irrelevant to me!