posted
I jumped in earlier this week for 40,000 shares about 10 minutes before it dropped from .025 to .019. I love being down 30%(ha ha). If you were in my shoes would you jump ship or ride it out?
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Geeez... I feel your pain Ramius. Are you in a hurry? 'Cause I remember in the other thread, there was mention of something fairly momentous coming along for EESI, right? At this point... perhaps waiting it out might be best... unless you can absorb the loss without tears? salemm.
[This message has been edited by salemm (edited November 18, 2004).]
posted
I guess I'm not really in a hurry, Just looking for additional opinions. We had a whole handful talking about this stock 3 days ago. Now mums the word. I would rather absorb the loss and put the remaining $$$ elsewhere than wait 6 months to get it back with EESI.
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They are completing acquisition of American Eagle RealtorsVERY soon; Another subsidiary, Elite Ceuticals is certain to unveil a new line of products, along with an 'infomercial' as of Late November/Early December. For this one subsidiary alone...: "...Sales are expected to top $2,000,000 by end of 2005. Infomercial sales are separate and it is expected that the company will see upward trending as early as January 2005 toward $19,000,000." Big things are happening for this company - and real sooooon.
IMO, (because I've been in this situation before) I would try to pinpoint WHEN they expect to acquire America Eagle OR WHEN they intend to unveil new products (by calling company or Investor relations guy/gal) and then average down ONCE the day before (or thereabouts). Then wait for PR and sell. You might still realize a loss, but it would be much smaller (provided it DOES move with the PR out). Good luck Ramius! Hope to see you realize some $$ in the weeks ahead. Hell... I hope to see ME realize some $$ in the weeks ahead! salemm.
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I guess the other thing too is that I'm fairly new to pennies. I have done some swing trading with NASDAQ and NYSE stocks. I'm not used to the huge swings that pennies make. I guess it can come back as quickly as it went away.
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Seems to be slow at the moment but its at a good price and the announcement Thursday of the FDA approval on the 17 products in the line should move this thing. Appears to be a couple weeks away yet but its at a good price at the moment. Good Luck with it. When it runs, I'll be on it. Ruff!!!
------------------ 'wid ma mind on ma money an' ma money on ma MIND!!!!!!!
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