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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST
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To: eleebee who wrote (3616)5/4/1999 1:22:00 PM
From: Tinroad  Read Replies (2) of 18366
 
Comment on float from RB:
"I agree with that basis, however it is still (in the long run) based on how many shares people are willing to sell vs. how many shares people want to buy at "that" price. The diminishing float (meaning that more people are buying and holding) is unmeasurable from day to day. The float, which is outstanding share minus closely held shares by insiders, is 60 million. Lately volume has been from the 12 million to 32 million range. That averages out to about 2/3 of the float being held (not traded). The only indicator that we truely have from minute to minute is volume along with block size. I agree that there is demand for this stock. But at what point will the buyers outnumber the sellers? No one knows. It is all emotion right now. This will take some time. The news pushes have been nice but that still is emotion.

Don't get me wrong. I believe this technology is going to be big. It's just that there IS competition out there and I think before we see HUGE moves we will have to have a bit more exposure ie. product. Christmas is still a long way off. (that could be taken two ways.)

I'm long and holding I just don't expect miracles. Most experienced investors have learned this lesson - PATIENCE. If you have a good thing it will be recognized. But just don't get all hyped up expecting a $2.00 stock to go to $10 on a few news releases. It'll come but not in a week."

Comments. anyone?
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