Thursday, October 7, 2021

ECIA: Dominoes and the Guessing Game

I like to buy stocks at the bottom, when the narrative has broken down and masses have left.  This is when it gets interesting.  Stock_price = company_value + public_perception so how can you buy on the cheap unless the sky is filled with doom and gloom.  

I first bought ECIA around $0.30 and wrote up the stock a couple years ago at $0.39.  It had dropped to support, near the all time low.  With an exciting medical business and tons of potential I bought with dollar signs in my eyes.  

What I do is buy tiny, low, sleepy stocks with potential then wait and watch.  Potential comes from both business and stock.  I like a business with room to grow.  The stock should be low with capital structure tight, and bonus points for a theme that can be meme'd to the moon.  

After the buy starts a years long process of optimistically following along.  I can see the rise in my mind.  If things don't go my way I wait longer and as the situation warrants I buy more.  This is the story of puzzle pieces falling into place.