Friday, December 19, 2014

Fundamentals of $ECIG - Stock Potential Rise

In this post, we will look at the fundamentals and stock price of ECIG.

The 52 week low is .05 per share and the high is $19.99.   Today, about 16 million shares have changed hands which is a strong volume day, much higher than normal.  You can see by the shares traded that this is not a heavily diluted stock.  It does not trade in the hundreds of million shares that many OTC stocks do, simply because there is not wild dilution here apparently.

With this strong volume today on a price increase, I expect ECIG to rise more.  Also, this is due to what I see as a strong business model and growing market share and revenue - it simply is undervalued IMO.

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Long ECIG.

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