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Microcap & Penny Stocks : EDII

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To: jhild who wrote (1845)6/23/1998 8:38:00 PM
From: jmt  Read Replies (3) of 2849
 
>>>most my money is in SGNC and will remain there<<<

It appears from this Jim B post on the PKGP thread he is primarily out of his position in EDII.

His last informative post on this thread recommended purchasing more stock ahead of pending news.

Whats going on here? Jim posted strong on MTEI just before news, news was vague, and stock went from a high of $1.70 to .40. Similar situation for EDII, strongly recommending a before the weekend for pending news, stock has not been as high since.

Jim also committed to posting additional DD on EDII each week. Posted once, which was company PR rather than DD. Still waiting for his next installment. I do not believe his DD is as complete as many think.

Which is fine, that leaves us to do our own DD BEFORE ANY PURCHASE. Each individual should have their own minimal requirements that must be satisfied before investing. I do not think we would find Warren Buffet in EDII. Not because it is a bad investment. Because not enough info is available. And I think we know Warrens record. I myself have a small long position in this stock, but I am not comfortable. I respect those who have the patience to wait and invite you to this thread to provide intelligence and stimulate the thought process. And ultimately investing is not a requirement. Sharing you concerns is more valuable than knowing whether you are short or long.

jmt

What is going on here?
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