Hap (Robert) Sneddon FCSI
Enterprise Group
E-T
HOLD
Oct 09, 2024
The thing that strikes him about the chart is that it's gone parabolic. With stocks in the $2 range, technicals sometimes go out the window as the market begins to understand it. Thinks it's sustainable. Lots of support right around $1.60.
No reason to sell, but could have a really big swing due to the size of the company.
Very high margins, using nat gas instead of diesel for generators in its power division. Power division is growing quickly. Chart is beautiful, more room to run. Anticipates a $4-5 stock.
The thing that strikes him about the chart is that it's gone parabolic. With stocks in the $2 range, technicals sometimes go out the window as the market begins to understand it. Thinks it's sustainable. Lots of support right around $1.60.
No reason to sell, but could have a really big swing due to the size of the company.