Imagine driving to work one morning and hearing your latest penny stock gamble being covered by a major business reporter.... and the reporter wasn't calling it a scam or a fraud, rather he was touting the stock and its business plan.
Since that time revenues are still coming in, but, according to their latest quarterly filing, the company is posting losses and share counts keep growing instead of stabilizing. This is not a good sign.
Today the stock attempted to bounce and briefly breached its 50DMA before succumbing to some selling pressure. This stock could head straight down to $.0001 and do another reverse split. That is a possibility. But one thing you learn about penny stocks is that they always get some life in them when you least expect it. Today's fight toward the 50dma could represent the start of a larger trend change.
Keep ETNL on your watchlist.
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5 comments:
Mr. Wilcox -
Are you being compensated by others for this idea or is your view on this company unconflicted and independent?
Mr. Anonymous -
I have not been compensated from any company I have covered on this blog. I for some reason I was to be compensated I would relate that information in my post.
I also own no shares of any of the companies. No conflict, all opinion.
My take on ETNL and all the other stocks here are my opinion, not fact, and most certainly not paid compensation.
Currently all I get is a meager dollar or two a day in advertising for all my effort.
Mr. Anonymous here again (I need to set up a profile but I am a neophyte to online posting so need to learn how to set up a proper ID) -
While many of your calls are right on I am surprised you don't own them. Having your own skin in the game would give readers greater confidence in your calls (at least for me) and it would also be a way for you to make some real money from your calls rather than the pennies you are reaping from your blog. I suppose another route would be to go subscription. Best to you.
Subscription.... now there is a thought.
Count me in GURU
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