Hi Guys,
I was watching ELM from my iPhone today at a beachside place. ELM was so strong today. No one was selling.
Yes, Smart Money can't get any stock and can't sell any more stock to put the price down as well! It will be interesting to see how Smart Money will get the stock they sold. I think, those "Smart Money of ELM" will be called as "Stupid Money of ELM" in the future. Because,... no one sells to them.
LOL.
Yes, I belive there is something in the pipeline. I hope it is not a takeover bid or something like that. That would be disaster for our future profits if they put a takeover bid for example $3.5 or $4 now.
Here it is below a chart shows how the Smart Money behaves before a takeover. They push the price down, then put the takeover bid at a bit more than the level they pushed it down from.
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