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


To: MaryinRed who wrote (12219)4/14/2000 7:33:00 PM
From: IEarnedIt  Read Replies (4) | Respond to of 18366
 
Mary,

I am amazed at the attitude of some of the supposed "pro" shorters who now feel that they are bloody geniuses for being short EDIG in this market. The reverse of this of course is that us longs are stupid.

To make my point here is a quote from another poster here on SI concerning this market.

<<I can't believe that greenie is really
contemplating raising 50 basis points
in this environment.

The most confusing thing is hearing all
the talking heads saying the overvalued
stocks need this correction while LDP,
FORTY, and LPAC have these single digit
PE's and are approaching their year lows.

Amazingly, the positions I hold with PE's
have been hit harder than the positions I
hold with no earnings. Go figure.>>

I sat this afternoon and watched many stocks give up 8 points and more in the last 30 minutes of the day, on low volume. Stocks that had already taken a bath from this carnage.

Contrived doesn't even come close to describing what is currently occurring this market.

IMO EDIG held up incredibly well.

:-)
JD