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

To: PartyTime who wrote (10857)	2/7/2000 1:30:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 18366

PT, FYI, CNLG has a float of 5.9M shares and total shares outstanding of 6.21M shares. Friday's volume of 15M shares was well north of twice the number of shares issued! EDIG has a float of 118M shares out of 124M shares outstanding. The "similar" volumes aren't. When I bought CNLG, it had already traded nearly the float. It was still early in the day, and I knew that that situation was explosive. I could have sold at a bit over 4, and knew that it was peaking-out there, and indeed it spent most of the afternoon below 4, before breaking-out dramatically near the close. Good luck on your CNLG position. I closed my out because it was bought as a day-trade, and I was not going to turn a day-trade into an overnight trade. It underwent quite a pullback after-hours.