EDE
This is one of the best Aussie developments to watch. If its early commercialization of its technology is successful, then the sky is the limit. So far, everything is pointing to the right direction.
I topped up recently at 1.8c and then recently at 3.1c. It is moving along very nicely and it is just a matter of time before the big boys move into the stock...
posted by Club Mulgoa @ 8:14 PM
5 Comments:
This is the stock to watch. It is possibly the most prospective because there has virtually been no negative news. All tests have been positive, too and commercialization is gathering pace. If the latest certification is given a tick, then the share price can be expected to fly. It is creeping up. Because of my recent top-ups, the net value is slowly moving into the green zone.
Something is happening with this stock. The test must be running well. Whenever I see this kind of activity, I always think it has to be inside information but it is very difficult to prove. The share has been rising and rising with no further good news other than to inform the market that the test is underway. Of course, if it is proven to be a superior technology in the States, then this stock will be strongly re-rated. I had a big loss and still nurturing a loss but at least, the average buying price has come down with my recent top-ups. Every test it has conducted, has been positive. Hence there is no reason to expect sudden failure or disappointment.
Today after a presentation, it went up by 2.1 cents. I topped up just recently at 1.8c. And if it wasn't for that, my net value would still be in the red. Nice to be in the green zone after such a long time...
It dipped recently. Rightly so. However, it has risen again to 8.6c. So in 2 months, it has jumped more than 4 times and the newspapers have hardly talked about it.
It has escalated so much that it is now worth more than my BHP holding...
Today, it is back to 9c again. That means one of my recent parcels has gone up by 5 times within 3 months. However, it will take more than a year to prove EDE's carbon technology in the cement industry. Of course, if the benefits are not there or there is any other issue, then the price can just collapse. And just as bad is if there is better alternative technology which is cheaper.
When price rise like this occurs, you always think that perhaps you should have bought more. But retrospectology is never useful. What is annoying is, when you read the announcement by a company and you feel, it is worth a lot more, that depends on how the market perceives the good news. In fact, it could rate it negative without any logic.
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