Free
Message: Tomorrow's open

Tomorrow's open

posted on Oct 11, 2009 11:39PM

On Friday, and I think also on Thursday, the first trade of the day was down, soon to be followed by a wave of buying, closing the day near the highs with volume. Friday, EDIG broke through the 3 year high...although it has touched it on occasion in the past this was the first time it went right through and held.

The current trend indicates more upside as everything good still lies ahead as EDIG is just beginning to get noticed. VectorVest indicates a .35 target which they just raised from .31.

I hope this trend continues and I expect it to, although their may be a hiccup or two along the way.

Money moves in advance of events and there are multiple events coming in the short term, by all indicators.

The 5 year high appears to be somewhere around .40. Finally monetizing the Flash Patent Portfolio in an up market seems to be doing the trick.

3
Oct 12, 2009 12:54AM
1
Oct 12, 2009 01:22AM
Share
New Message
Please login to post a reply