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


To: PartyTime who wrote (13748)8/2/2000 11:02:27 PM
From: Jon Tara  Respond to of 18366
 
PT, I think that you are confusing the company's execution with the potential for the stock price. It is easy to do.

(Not that the company's execution is stellar, in any case, though. ONE OEM lo this many months later is nothing to crow about.)

It is easy to assume, though, that if the company's prospects are positive, that the stock price will appreciate.

But what if the stock is already wildly over-priced?

Potentially a case of "the operation was successful, but the patient died."

If you are not willing to make sales projections, how can you have any basis for valuation? While your assumptions may be wrong, you MUST make some assumptions in order to arrive at a rational valuation.