3SOF

I only post when I see a rise coming thats all. I get excited! Plus I was the only one doing it so I had to talk to myself. So you'd rather I post once a month?

Haha....that's funny.

Well maybe I'm referring to the statements about it being oversold (which it hasn't been since early Aug) and "now moving out of oversold" and "bullish MACD signal" on it's way down which made me laugh.

Although MACD looks to be turning NOW at near zero levels and could also be a "3magic lines" setup...backed up with a chart...

Not convinced it's ready just yet...it may need a bit more time to develop, IMO.

But it sure looks like it could be getting close.

Did a little DD on ETLT over the weekend and this is why I will not sell a single share:
-47% increase in revenue QOQ
-Acid Test ratio (how well it can pay off debt) is 20.39. The common company only logs in 0.3 in which the market see's 1 and up as good. This is outstanding.
-Free Cash QOQ is 46.65%. Amazing. I looked back to only the last 4 quarters this weekend and each of those quarters has risen. This is what you look for.

Just thought I'd share the reason why I am buying as much as I can hold of 1 stock.
Do your own DD and you too will appreciate this companies financial. Current trading at a very attractive price.

A reminder that there is no way a strong company like this should be at these levels in comparison to other companies that make no money. ETLT went from 16 mill to 26 mill in cash and cash equivalents. Thats $26 million in liquidity they can use right now to grow the business. There are soo many stocks out there that sometimes the good ones get buried under all the rubbish, but once the street gets wind of it, it will ALWAYS value the company at its appropriate price eventually. The time when it will do so is the only variable.

Revenues for the three months ended June 30, 2007 increased by $713,872 or 6.9% to $11,084,009 from $10,370,137 for the three months ended June 30, 2006. Revenues for the six months ended June 30, 2007 increased by $4,198,000 or 27.4% to $18,588,494 from $14,586,496 for the six months ended June 30, 2006.

Net income for the three months ended June 30, 2007, increased by $260,641 or 15.7% to $1,919,341 compared to $1,658,700 for the three months ended June 30, 2006. For the six months ended June 30, 2007 net earnings increased by $932,583 or 42.4% to $3,132,082 from $2,199,499 for the six months ended June 30, 2006. Net earnings per share were $.04 for the three months ended June 30, 2007 and $.07 for the six months ended June 30, 2007.

As of June 30, 2007, the company had $41,961,172 of cash and certificates of deposit or $.89 per share in cash and certificates of deposit. In addition, as of June 30, 2007 its book value exceeded $1.34 per share. As of June 30, 2007, the company also had $45,015,627 of working capital or nearly $.96 per share while total indebtedness was only $2,318,574, the company's total assets as of June 30, 2007 were $65,546,840.

This is a cash cow for longs. Superb company. At the current PPS levels, its a complete bargain if I ever saw one. Do your own DD and you won't be able to not buy shares. Happy Trading.

Tough break on the earnings their.  I guess on the brightside thats an ok looking hammer.