Photo by Hamed Saber

Photo by Hamed Saber

Was out most of the day at meetings and didnt get a chance to discuss the second stock that I want to add to my stock pick list this week.

I first started looking at Ellipsiz in January/February 2009 when the share was between 2.5 and 3 cents.  It was unfortunate for me that I didnt do anything about it then and the share closed today at about 11 cents.  The reason for my inaction was that I happened to be playing golf with some former staff of Ellipsiz in January in a Charity golf tournament.  They told me that the calendar Q1-2009 results were bad and that business was also very difficult.   I decided to wait for their Q3-2009 results which is also calendar Q1-2009.  The results were terrible on the surface and I commented about this in my Blog of May 15, 2009. Read more…