posted
too early to tell for sure yet of course, but - i like that resistance in the low-.40's seemed to hold up on ETLT, a bit of a bounce today. i suspect the bounce today may be in part due to the financials from the last Q happened to finally be posted on yahoo finance this am. but still, am going to keep holding and see how it goes for ETLT. i hope they get their website up soon, will be curious to see it.
Posts: 1698 | Registered: Mar 2004
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posted
took half off the table at .49, mainly because i don't see anything driving today's runup, and i think likely to fall back. will look for reentry around .43, hopefully; we'll see.
Posts: 1698 | Registered: Mar 2004
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posted
figures - .50 close, i always take a chunk off the table too early. will be very interesting to see what a few PR's might do to this one. am going to keep holding my remaining half, and hopefully be able to reclaim the other half on any dips.
Posts: 1698 | Registered: Mar 2004
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posted
btw hey purl i'm blabbering on to myself WAY too much here, in way too many threads. when's your board vacation gonna be over?! heh
Posts: 1698 | Registered: Mar 2004
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posted
weird day: a lot ran off at the .52 ask at the open, then suddenly the rug got pulled out and almost instantly dropped to .45x.50, now slowly working it's way back to .52x.53. oops, make that .53x.535
Posts: 1698 | Registered: Mar 2004
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posted
another weird day: GTEL popped a huge ask block size up at the open that scared people and had a pullback to mid-upper .40's on almost no volume. put a buy order in at .44 for the half i sold at .49, maybe will get a fill.
their next Q is historically a good one, but won't come out until 11/15, so i want to try to be patient in buying. but - i am expecting some PR's over the next few weeks as they transition in to the new PR firm that might help ETLT, hopefully starting with one announcing the US website.
Posts: 1698 | Registered: Mar 2004
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posted
NEW YORK--(BUSINESS WIRE)--Sept. 19, 2005--On September 16, 2005, the new Board of Directors of ETLT (OTCBB:ETLT - News) held its initial meeting. All the Directors were present except Mr. Shien Zhu who sent a representative to the meeting. The new Board elected Mr. Jijun Wu as Chairman and Mr. Wei Hu as Secretary. Because of the growth of the Company, the Directors unanimously agreed to hire Ms. Zheng Shen as CFO. Ms. Shen is a graduate of Tianjin Finance and Economics University where she received a doctorate degree in 2002. Previously she had received her certification from the ACCA of the UK and her certificate as an International Certified Internal Auditor. She is an associated professor of accounting and a Chinese CPA. In joining the Company, Ms. Shen will play a significant role in the anticipated Chinese acquisition and the operations to be established in the US.
The Chairman also advised the board on the progress of two on going projects. The first is the establishment of a US operation to produce fine breed dairy cattle embryos and the second a breeding base in China for US fine breed dairy cattle. The Directors authorized management to invest up to US$37 million in these projects.
Posts: 1698 | Registered: Mar 2004
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posted
i think the dump yesterday was due to a fairly mild S-8 out yesterday am that scared some people. i hate to see a S-8, but - this one looks like short-term would only amount to about 3% dilution, so the 15%-dip reaction seemed a little too harsh to me.
still waiting on website and other news. i check www.eternalprc.com every day but so far not active yet. a past PR mentioned that they would try to use the same URL as their old address, which was the eternalprc one.
next Q not due until november 15th or so. historically, this upcoming Q has been a good one for them.
pretty wide spread at the moment: .44 x .47
Posts: 1698 | Registered: Mar 2004
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posted
took .50 this am on my swing-trading half of shares, still holding the other half.
i like hedging bets with half-positions, keeping a chunk long but also trying to reduce risk and (hopefully) supplement profit with a swing-trading chunk
Posts: 1698 | Registered: Mar 2004
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posted
ETLT == JUST A HEADS-UP TO ALL... this one may or may not be a good play.... i'll probably be dropping by during October to see how it's doing... and i'll be commenting on how mm's are reacting to boycott... i'm rooting for you if you're successfully playing it, since that hurts the mm's ... i'm also rooting for you if you're in on the october A-G boycott october boycott thread on this board good luck to you! Posts: 229 | From: new mexico | Registered: Apr 2005
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there has been enough crap with all the SVSE nonsense here lately, i don't want a bunch of spamcaster nonsense polluting my threads on top of that
Posts: 1698 | Registered: Mar 2004
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posted
no spam, ol Blue--- this is live and in color--- a warning to the wise and an opportunity to the shrewd... the newbies understand it--- boycott thread on this boardPosts: 229 | From: new mexico | Registered: Apr 2005
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posted
out of swing position at .53. tempted to hold because some large-volume buying at the ask, but - still holding my long position.
Posts: 1698 | Registered: Mar 2004
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hopefully they'll improve on this; i've posted several times previously about the need for a good website, and discussed it with their old PR guy on several occasions.
anyway - a start, at least.
at the moment am just going to stick with the plan to hold half long and continue to swing the other half for nickel-ish gains. yeah, boring maybe, but - string enough 10% gains together, and - it adds up.
my hope is that the next Q due in november will be quite good and hopefully break strong resistance in the low-.50's, we'll see. at the moment a fairly small holding of ETLT, but - would consider raising if i like the news and updates they put out. e-sea is a wildcard: probably dead, but - maybe still a chance they could swing it somewhere down the road.
Posts: 1698 | Registered: Mar 2004
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they *did* in fact buy e-sea afterall. If you recall, they fired their old PR firm and accounting firm: PR firm because amongst other things they never set up a US website as they promised, and the accounting firm because they fouled up the original e-sea deal.
Basically it looks like they paid $4.5M for e-sea. Based on this, e-sea earned $1.8M the last 6 months alone, and it appears they bought it around book value.
If you recall way back to the spring, one of the primary reasons I was so interested in ETLT was because I felt the e-sea deal was very promising. So, I am quite encouraged by this development, enough that I added more at .49 this morning.
Another note is that they did just get at least the framework of a US website up this week. Frankly, it is not very good, but - hopefully they will update and modify it, right now is just pretty much a basic framework:
anyway, fwiw - I'm encouraged by some positive signs lately out of the company: they seemed to at least be making an effort to "clean house" and work towards some of their stated goals: getting a new chairman, setting up a US website, and working out the e-sea deal afterall.
Posts: 1698 | Registered: Mar 2004
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posted
an interesting note about the e-sea acquisition: price is substantially less than the originally negotiated deal: only about $4.5M instead of $7M.
near the beginning of this thread is some e-sea discussion, btw
Posts: 1698 | Registered: Mar 2004
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posted
ETLT has been trading in a pretty narrow range lately but bid dropped to .46 today, am sitting there to try to add.
of note i think is another website change, this time moved the URL and added quite a bit of info. not super-polished, but - i like it. i was one of the main people always b!tching at them to get an english website up, so - i'm not going to complain.
of particular note is the company news section, any holders would want to read the 10/9/2005 releases :
maybe i'm an idiot, but - have stopped swinging this one, am just going to hold awhile and see what happens. i admit it's risky (heck, it was at .14 not that long ago), but - am willing to take on the risk. as i said before, i like that they appear to be working towards their stated goals: website up, acquired e-sea, and look to be trying to grow the business and invest all their cash, with a minimum of dilution. i view all of these as positive steps.
Posts: 1698 | Registered: Mar 2004
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posted
odd week for ETLT - ran to .56 on very large volume, then fell back to .50. am resisting the temptation to keep swing-trading this one, still holding my increased position. will be interesting to see financials, due in a couple weeks. website went down a few days for maintenance, back up the last week or so though.
Posts: 1698 | Registered: Mar 2004
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posted
news posted yesterday on the ETLT website, but no official PR (at least that I could see): about completion of the first step of the 2000-cattle expansion program. link is 2 posts up.
ETLT showing a bit more strength than a few times in the past: holding above .50 consistently; friday close at .53. waiting on financials, due in a few weeks. i think they will be good, but - we'll see. i'm more interested in the long-term development of ETLT: steps such as reviving the e-sea acquisition, finally getting the website going, growing the business etc have turned this into a long-term hold for me.
Posts: 1698 | Registered: Mar 2004
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posted
wonder if i've set a new allstocks record with this thread btw: if you discount "podcaster" spamming, that's 25 posts in a row by me in 10 weeks without a single response, heh. clearly, the ETLT interest on this board consists of: me, and, uh...me.
is kind of funny, i admit, and brings up the question: why do i keep rambling on to myself?
two reasons, really:
* family and a few friends know to look here if they ever want to read my opinions on some stocks
* my guess is that PG is still out there reading through this board occasionally, even if she is taking a break of posting. i hope you eventually find your way back here, queen bee; am starting to forget what an actual 2-way stock conversation is like! heh
Posts: 1698 | Registered: Mar 2004
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posted
Well, Ive established that I can be a drag on any stock.......got in at .66 and it stagnated.....hahaha.....
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
you're off the hook bdgee, closed at .75 today on large volume again.
i'd be more excited, but am still perturbed about JMIH, loss there soaked up half of my ETLT profits the past week.
somewhere in riverside, someone is reading this and saying "let it go, move on to the next one". i admit that this is one of my weak spots as a trader: i dwell too much on losses and/or missed gains and let them perturb me. as long as i'm up overall, which i am, that's all that matters, rationally i know that. but - still, was perturbed about JMIH all day, i admit.
Posts: 1698 | Registered: Mar 2004
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posted
is funny bdgee, i admit that i am much more of a fundamentals than technicals guy: never bothered to stop and consider the MACD, RSI, any of that with ETLT. while i can certainly see that the "chart looks good" in a general way lately, am still holding purely for the fundamentals reasons discussed above.
i'm certainly guessing that much of the run this week has been in anticipation of earnings, which are due next week, and this has historically been one of ETLT's best Q's. we'll see. will have to wait for future Q's though to see the effect of e-sea. e-sea is the really interesting wildcard when it comes to ETLT: the potential for it is certainly huge, but - just hard to say, will have to wait and see if it pans out and lives up to expectations. just no way to tell at this point.
Posts: 1698 | Registered: Mar 2004
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posted
its bouncing off the 50dma. will be good till it stops bouncing and breaks thru, 50 pointing upward for a nice trend. Hopefully it'll hold.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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<Concerned shareholder>
unregistered
posted
As of August 5, 2005, 30,679,630 shares of Common Stock of the issuer were outstanding.
As of November 14, 2005, 39,683,407 shares of Common Stock of the issuer were outstanding.
posted
so swamped at work this week, haven't even had time to read the 10Q. clearly people were disappointed with .03/sh profits though, all the way back to .50-range again, *sigh*.
as for the shares, most of them were due to the E-Sea acquisition last month. while i'm disappointed with the dip, am going to hold: still like the potential of e-sea.
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... i'm also rooting for you if you're in on the october A-G boycott ![[Razz]](tongue.gif)
