Access Update – #01

On behalf of the Access Research Group, I’d like to welcome you to Access and thank you for your membership. You will find Access is unlike any other investment research product available, as we provide institutional quality research on undiscovered stocks.

Already, we have important business to discuss.

If you followed the action in Electro-Optical Sciences (Nasdaq: MELA) today, you know that the stock took off from the opening bell. I was on the phone with the company this morning and they assured me there was no news to report. It appears the market met our buy recommendation with enthusiasm.

I want to remind you that if you have not purchased shares of MELA yet, do not chase it. Our buy limit price is $5.75. That is designed so you don’t pay exorbitantly high prices for the stock. Yes, we believe MELA has enormous upside. But an important aspect of investing is buying at the right price.

We expect the stock to come back in as the hullabaloo over our recommendation dies down. Last week, when Jesup & Lamont initiated coverage with a buy rating, shares promptly jumped nearly 10% before settling back a bit the next day.

There should be plenty of opportunity to get involved in the stock over the coming weeks, as nothing fundamentally has changed.

Remember, small-cap stocks are notoriously volatile, so you should sit tight and wait for the stock to come to you.

And don’t forget, you’ll have the unique opportunity to hear directly from MELA’s CEO, CFO and an independent expert on our conference call with the company on Monday, April 7 at 3:30 p.m. ET.

Access subscribers can participate in the call by dialing 800.214.0694 or 719.955.1425. Use passcode 222419. Please email your questions for the executives or myself to research@accessresearchgroup.com .

Thanks again for becoming a client of Access. We look forward to working with you.

Marc Lichtenfeld
Director of Research
Access Research Group