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


To: chris431 who wrote (4667)5/25/1999 10:11:00 AM
From: Jorjenzak  Read Replies (3) | Respond to of 18366
 
Chris, keep in mind what is really going on here on the face of it all. We have seen it too many times. Someone has obviously (and maybe even admittedly) taken a short position on EDIG, which makes some since in light of the recent POP the stock price has enjoyed. Such a POP is generally followed by some deflation as the stock tries to find its new support level.

What we often see is that once the short has taken the position suddenly negative posts begin to emerge targeted at scaring off the weak hands to instill selling and accentuate the deflation in price following the POP. This is how the short seller scalps some profit off a run up. Those who know EDIG know the value of the stock and that it is the front runner for this technology, which is fairly earth shattering IMHO.

Don't let it get to you. Focus on the verifiable positives and let the market control the price. Yelling at shorters just plays into their hands as it make the thread appear overly defensive and calls the facts you have posted into question.

Glad to see you all made the jump from support around $2 to $3. Maybe you can stick around there for awhile now. Must have been some recent news I missed.

Walter...great new thread. What a convenience for those wanting to find out about EDIG. I may do the same soon for BETT.