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Message: Re: .127 X .15 odd eom

Jun 04, 2009 08:02AM

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I would like to believe what you believe and I do in part. However, if you look at some stock charts and how the price moves prior to announcement of news I can't help but think otherwise. Now there is public news and then there is public news. Insiders don't always announce there stock trades, but the info is there for those that take the time to access it. Rumors circulate and people act on those rumors which may or may not prove to be true. So things like that can effect the price of stocks prior to public announcement. I have an older friend with time on her hands that visits the malls just for something to do. She told me way before the recession that certain stores were doing poorly. She would just sit for hours in the mall and watch people enter and leave the store. She would take note of the number of people and whether they had shopping bags and boxes when they left. No bags or few bags would lead her to make pronouncements. Now that is news right out in public for anyone willing or able to observe it. Information seemingly perfect for a short sale of a companies stock. Of course I don't have time to sit and watch things like that or schmooze on the golf courses but other people do. And some, if they don't have the time, pay others to do it for them. And then they act on a stock. What was the name of the book and guy that wrote about how to find 10 bagger stocks, Peter Lynch? Anyway, I wonder who has been watching EDIG and what they are doing about buying or selling. ( I know enough to know that it's way more complicated than any of this, and if I had it figured out I would be loading up or dumping stocks with confidence. But alas... I am here with others ( and have been here 10 years ) speculating and waiting and hoping based on my observations and experience. ) Every day is something new. GLTAL

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