Apr 17 2008

ESEA: Getting Some Support for My View

Published by John at 2:24 pm under Stock Trade Ideas

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

ESEA Intraday Chart - April 17, 2008It’s taken about 6 weeks and a bit of a sell-off in between, but apparently some folks have finally seen what I was looking at - fundamentally - in ESEA. Word has it that Zacks Investment Research put out a note yesterday saying the stock was undervalued. They missed getting in at $11-$12, but I won’t get on them too much for that. I was a bit early with my own analysis

The bottom line is they’ve driven a lot of volume into the stock and pushed the price up nearly 10%. Naturally, the options have jumped considerably as well, and that’s where I’m making my own play.


Here are some other posts which might interest you:

Trackback URI | Comments RSS

Leave a Reply

Note: This post is over 8 months old. You may want to check later in this blog to see if there is new information relevant to your comment.

By submitting a comment here you grant this site a perpetual license to reproduce your words and name/web site in attribution.