To: Walter Morton who wrote (4596 ) 5/24/1999 2:33:00 PM From: John Curtis Read Replies (1) | Respond to of 18366
Walter: At this point one cannot logically deduce a true value for EDIG(imho). EDIG appears to me to be a story stock that's caught fire. As such don't stand in the way of the momentum, play it like a surfer......but always keep an eye peeled for the exit. By the way, this is my view with all momentum story stocks. This is not to say that EDIG is all sizzle with no substance(but as I've said earlier their financials are horrible), it's just that right now there's lot'sa conjecture fueling this thing, albeit liberally helped along by laudable partnerships with the likes of LU, TI, etc.. Thus the excitement. I mentioned pump & dump because EDIG has two over-arching "thangs" against it in my experiencial view. First, it's a former Canadian stock(no offense to the Canadian markets but I've found the scamsters run real loose and free up there--kind'a sort'a like the Maggot Mile segment of Palm Beach, Fla.) not helped by a liberal number of recent moves in locale. Secondly, it's a penny stock that, with alll the pontification, exudes thread characteristics of the type. That is, hype, hype and MORE HYPE. But in it's favor I gotta admit one ain't gonna easily pull the wool over the likes of LU, and TI. Not to mention the Microsofts, et.al.. So we're back to the feverish aspects of the current momentum. There are too many big blocks going through at prices waay higher than most pump & dumps to be reasonable argued that sumbody's conducting that particular scam. But then again....I watched the scam of the century unfold, BRE-X(also Canadian by the by, heh), so I gotta admit anyyyyything is possible. So I'm'a still somewhat fence sitting on this one right now, although I've bought a small block a bit below $3 just to play the momentum. Longer term I've still some d.d. to do.... I do appreciate everyone's commentary to date.... John~