What news would make this stock surge again? Hmmmmm.....well, a buy out springs immediately to mind, heh! But above and beyond this....well.......there's been lot'sa "smoke" out there about LU, et.al. attempting to have a product ready for this upcoming X-Mas season, but I've yet to find one public piece of information confirming that they're gonna be able to meet that target. By the way, what with it being less than 5 days away from Memorial Day weekend I consider THAT target to be VERY aggressive.
Soooo, a P.R. statement from LU, et.al., stating "ready to ship, gonna ship or have commenced to ship" a Diamond type product would go a loooong way, me thinks. Orrrr, a total baptismal blessing by the Music Industry regarding EDIG's format, and supporting it, only it, and nuthin' but it. Of course, that clearly would be every bulls "wet dream", eh? ;-)
Meanwhile, I see EDIG appears to be "backing and filling" right now. This is usually symptomatic of forming a new base. But for a stock so recently up from the pennies, with momentum clearly coming from the trading crowd(if all the bulls... hype on various EDIG threads can be construed as the trading crowd), it's a little to soon to proclaim EDIG's found its base(or legs), yet.
This be my view of "thangs". I could be wrong.....
John~ |
