Evening all, I bought in last week. I am fairly confident in this company. As the outstanding reports of JID clearly convey, the only logical direction for a severely underrated company's SP is up.
Even though the SP and buying confidence took a beating today, I think it was just a price correction. It was obvious the stock was over bought, the best news may not be coming out as soon as they thought.
What it does indicate, however, is that there is a lot of buzz around the stock. People need excuses to do things and even the slightest hint of a good announcement sends a great wave of buying pressure for at least a couple of days.
Let the traders do their trimming - we will need them when the good news comes out.
I don't mind watching from a distance though, it's the view from the top you gotta watch.
| MadeinChina |
DYOR
EVG Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
