Apr 17 2008
ESEA: Getting Some Support for My View
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It’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:
- ESEA: Quick update
- Following Up on S&P Open Interest
- LPHI: Life Partners Could See 55 and Up
- Some haggard looking traders out there
- Something Interesting is on the Way for the S&P 500
