e.Digital Corporation(EDIG) - Embedded Digital Technology Message Board

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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology

EDIG 0.0001000

0.0%

Mar 20 5:00 PM EST

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To: Kerry Sakolsky who wrote (5385)	6/8/1999 4:17:00 PM
From: John Curtis	Read Replies (2) of 18366

Hmmmm, but in the mean time, EDIG's been losing ~$0.06 per day these past couple of days. So all else being equal, she'll close below $2 tomorrow. But having said that let me also add that there in the last hour of trading, some large buying went through, and although the bid got yanked to $2.06, OBV(On Balance Volume) went up at the same time. OBV going up usually is bullish, particularly when it diverges from the bid direction. But with OTC BB stocks you can never be sure if this holds true. Bottom Line? EDIG still hasn't found its bottom, indeed it looks to be setting up a classic head & shoulders formation. If it breaks $2 there's no real support until down around, dare I say it....$0.60 or so..... Now let's see if the slide continues tomorrow. John~

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