Re: Buying at the bid
in response to
by
posted on
Dec 14, 2009 12:33PM
The reason we are up over 52% YTD is due to the growing confidence in this company's aiblity to generate revenues and profits at a growing rate.
There was a time we had this same discussion whether or not to pay .105 vs .10.
Buying on the bid does not exude confidence, yet we see the bigger picture yielding new 52 week highs and higher lows.
Considering EDIG just filed on 19 new infringers, it is quite reasonable to conclude the odds on EDIG trading at much higher levels next year are in our favor.
And as you point out, the higher the launching pad before these settlement announcements and before other good news starts rolling in, the higher the next new 52 week high will be.
However, it is not something you can force upon the market. Each investor has to come to this understanding of market forces and the benefits of buying at the market or at the ask, on their own accord.
IMO, newbies should pay higher prices for EDIG today because EDIG presents as a much better company with much less risk now than at any time before.
Knowing management is planning to present EDIG's progress to a more diverse audience should further confirm your advice as something that benefits all shareholders.