After a couple powerhouse weeks, EFSF is finally taking a well deserved breather, giving investors an opportunity to either load up or reload on this idea.
The thesis remains the same. My current short term price target is $.40, increased when we so rapidly eclipsed the original $.30 price target.
Here is the chart showing you the important retracement levels:
The higher 38.2% retracement level comes in at about $.285. This is the first level you should be willing to begin accumulating.
If $.285 falls, then look to $.245 as the perfect level to really get aggressive if you like this idea.
I believe there is lots more to come on the Cinnergen front, the Pur Effect infomercial, and the other products that are all turning commercially viable right now.
Comments and questions are welcome.
What else could be coming on the Cinnergen front a major Partner maybe?
Editor: Perhaps something like that. Or, perhaps simply being carried by some larger retailers. That would do the trick as well.
Have you ever seen the report on efsf from the Konlin leter he was the biggest bull on the stock target as high as 6.00. Do you think that is possible too?
Editor: I have heard about it- not read it. I don’t know about $6- I’d be happy with $1.
As I continue to collect EFSF, would you recommend taking profit at the .40 level or do we have a potential CPNE ? I would hate to sell this one to early !!
Editor: I believe it has $.40 potential on Cinnergen alone. If they get the other products rolling, there is no telling where we could end up.
Did you see the new update from the Konlin letter and if you did what do you think is he crazy or do we have a 5 star play here?Did you ever get your readers back in under .27? if not what do they do now?Thanks
Editor: All you have to do is read the content to know what I was suggesting on the trading side. In the meantime, right now we just enjoy the ride. I wouldn’t buy, I wouldn’t sell.
I read thru your past blogs on efsf. your target price is $1.00. In your honest opinion, when you feel it should be able to reach this target level?
Editor: If it goes through $.50, then $.60- ask me then. Those are two keys numbers on the way to $1.00. Whether it gets to $1 will depend a lot on how the company is doing on sales and other fundamental developments. Since I don’t know, I can’t say. If it goes through $.50 and $.60, you won’t be unhappy if you own it today.