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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?


To: Kerry Sakolsky who wrote (5459)6/9/1999 3:44:00 PM
From: John Curtis  Read Replies (1) | Respond to of 18366
 
Kerry: So I'm to infer from yer statement that you bought at, or around EDIG's 52 week low? Good for you! Can't snuffle at that.

As for predictive aspects...well...it's all a TA WAG, for what it's worth, but here with less than 30 minutes left in the day it looks like those in charge have run it down to their target point for the day.

From what I've observed of this slide, it ain't anywhere NEAR a panic type thing. It's has the appearance of a very controlled descent. As such, using inverted(some would say perverted, heh) logic, one could assume that any issue so controlled as to have been walked up, and then down, clearly must have some longer term potential. Else the powers that be would've pump this puppy, dumped and walked with nary one look back. The controlled descent implies the controlling entities are still here. So future possibilities must exist. At least, this is one way of looking at it.

Meanwhile, tomorrow I expect EDIG to be, based on the past several days activity, closing at(or around) $1.55 or so...... Today it looks to be closing right at a bid of $1.8125 or so. Now let's see how it goes...

John~