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

To: RKHIII who wrote (10329)	1/29/2000 2:39:00 PM
From: PartyTime	Respond to of 18366

RKHILL--No problem. I'm cool. In fact, overall, I appreciate any sense of caution. That's what being logically risky is all about. The short parade rallied for one reason only. In less than a 10 day period EDIG went from two dollars to 24 dollars, and did so based on future earnings potential rather than actual present day earnings. The fact that big bucks currently are not in the company's till, coupled with the large rise in share price, gave them an opening. They also knew they could force the hand of some folks sitting on tidy profits to collect some of that money. As for Mary's prediction of a press release, there was an indication one would soon be forthcoming from EDIG's Robert Putnam during an interview the week prior to the collapse. There was also optimisim about this on the RagingBull thread. So I don't think Mary's comment became justification for the shorting infestation. Knowing the volatility of the OTC market and the frailties of human behavior, the shorts would have trashed EDIG anyway. But once committed to their short action, they'll use any device imaginable in order to induce fear and panic-selling. In fact, that's precisely what they did. They're schemers, not dreamers! But we've also got to remember that as much as they hurt us last week, there will become future scenarios where they're actually gonna help us. A lot! EDIG's technology will be used by many OEMs and there's going to become many, many announcements about future contracts and new R&D discoveries. Indeed, we'll go through periods where these kinds of announcements get announced in rapid succession. A shorter's worst fear! Just think. Once on Nasdaq more companies will be comfortable doing business with EDIG; more investors and institutions will be comfortable investing in EDIG; and the media will be more comfortable providing coverage. Yes, the shorties of the future will some day discover after they've rallied their short positions that heavy-duty news will break which will send 'em into an almighty squeeze and EDIG's share price will rise remarkably. Ultimately, shorts will get stung by their own behavior. What I try to do when the shorters wreck havoc in a stock I believe in, is simply average down when the price becomes lower. What the heck? I've got a long position with which comfortable so I'm not particularly concerned about the volatility. So let the shorts take the risk bringing it down. When they get it down, well that's when it's time to buy more. It actually becomes a good way to increase one's position in a prospective stock. In short, use the shorters; don't let them use you!