SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tinroad who wrote (8716)12/8/1999 5:06:00 PM
From: Starlight  Read Replies (2) of 18366
 
The current price fluctuations are PROBABLY due to tax loss selling which usually occurs this time of year. People who have big gains in other stocks try to offset them with losses so they can cut their taxes. Since EDIG traded at higher levels earlier in the year, a lot of those buyers have losses right now, so they're selling to take the loss with the idea that after 31 days (Wash Sale Rules), they'll buy the stock back for approximately the same price (they hope). I don't think this drop in price has much to do with the fundamentals of the company. We're all waiting for the major record companies to make their music available on a SECURE website, which people will pay to download from. When that happens, there will be incentive for companies to sign deals with EDIG for its music player. (Tinroad, I'm not directing this at you as much as all the "newbies" to investing on this board.)

Betty
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News