PT, I report (and in the case of non-OTC-BB stocks) act on what I see, not what I'd like to see.
Many, many investors have difficulty doing that.
So, I take exception with your statement that "it's not difficult to take credit for saying a stock will go up after it issues a noteworthy press release".
As you know, companies often issue a noteworthy press release, and the stock goes DOWN. And, other times, the stock moves so quickly that it is impossible to get in at a good price.
I noted a press release that I felt was tradable, and it was. If you were able to do the same (recognize the difference between tradable and non-tradable news) perhaps you might have done better day-trading EDIG when you attempted it?
I don't see why you have so much difficult admitting that I was right - again.
BTW, just for the record - WERE I day-trading EDIG (which I am not - I have NEVER traded it, period) I would be exiting here, at 4.6875. Entry at 4.0. Not a bad profit for an hour or so. Will it go higher? Dunno, but a day-trade is a day-trade, and 17% is a good enough for an hour's work.
WERE I trading for a longer period (which I wouldn't, because what I do is day-trade) I think I might hold it longer - probably not a bad entry price. |
