EDE TAS TASO
Once upon a time, EDE news would cause its share price to leap. But it has been producing so many good announcements that the market is no longer interested. And it takes time to translate that into profit.
While no one is buying, I have been stocking up TAS and TASO shares. They own a big chunk of EDE and is undervalued, based on the value of their ownership of EDE.
posted by Club Mulgoa @ 9:03 PM
3 Comments:
Once upon a time, a good news announcement is met with a steep jump in EDE share price, with the rest following suit. Now, it is so boring that the share price falls! However, today's announcement is a mere reiteration so it is not really a new event but a statement about another test over the next 12 months.
Not only good news evoke no response from the market, absolutely no news at all evoke negative response! The technology is brilliant and many approvals have been secured. However, the critical ones are yet to come.
In the mean time, I am enduring a major fall in these 3 stocks. However, when it turns, it can be very sudden too. If it continues to tumble, I will continue to buy.
There are some incredibly impatient investors. You can make a thousand and one good announcements... and then can't make anymore because test takes time or bureaucracy delays an application process. Suddenly there are these idiots who would sell. I wonder if they are managers (who don't own those shares) or they are owners who just don't think long term.
So today, while I too have been waiting for updates from EDE, the share price for all these stocks have fallen. For me, it is a great time to top-up!
Post a Comment
<< Home