allow me to chime in here.....
posted on
Nov 21, 2007 10:36AM
Never ceases to amaze me some of the conversation/speculation that goes on here. I think it's emotional and most of the time boredom. Here's what I know about price decline in losing stocks for the year. It has been TAX selling season since OCT and will continue until mid-end of Dec. So, non-performing stocks, or down stocks are being sold off here to achieve off setting capital gains, of which there is A lOT by selling and creating capital losses. Since there's been no substantial increase in EDIG's share price, this is the reason IMO for the decline. Also, pannickers always play a role when they see a stock start to decline and the world is coming to an end. I have seen this happen now for 17 years and it's predictable. This could also be an investor over his/her head and price has hit their pain threshold, definitely more selling than buying, lol. So, remembering the sound advice "Buy low and Sell high" what do you think the savvy investor would do here, especially with all the potential, and possible good/great news forthcoming??? I just got filled at .15, now in at .14. hint,hint! ;>)
Best to all, and I hope everyone has a wonderful Thanksgiving, and gives thanks to all the GOOD they have in their lives. mguru