what are the people waiting for ?, page-10

As much as I am a total true believer in ELM. Two things worry me from a technical (chart) perspective.
A. It is very overbought with the daily RSI at 93+, on its own that is not a major prob. as it could trade sideways for a while and that would unwind the RSI.
B. However, in conjunction with the above chart, a correction is likely. (remember this is a pure technical view so using fundamentals as a counterargument is not applicable, I know all the facts) That chart is a classic bear flag and for mind portends that we may initially see a 'buy the rumour sell the fact' scenario eventuate.

I hope I am wrong, and any case this will be only a short term phenomena until the value proposition reasserts itself.

I expect to get pilloried by other long term holders. Just remember, you must hold onto your strategy even if the price moves against you short term. This is a LONG TERM BUY stock.