Re: Message Board Mania-an independent view
in response to
by
posted on
Dec 15, 2009 04:44PM
Appys, my point wasn't regarding a single poster or even a handful, although the Agora is much more pleasant today since most of them are gone.
My point is with the general consensus or prevailing attitude that exists with a pps on the move or about to move.
Long before the market discovered EDIG just before the turn of the century, the mood of the board was forward looking with a positive attitude. Now there certainly were lots of negatives that existed with EDIG's past performance and their current numbers in 1999 but investors looked beyond the day's reality toward the potential that presented in anticipation of EDIG reaching higher goals.
And although those who locked onto that potential saw the market actually value the stock with a marketcap of around $3 billion....the problem was EDIG was unable to leverage their patent portfolio into those markets and move towards those achieving those goals...UNTIL NOW !
When the prevailing attitude melds with the positive events unfolding then the buzz will focus on the opportunities and goals investors seek and the pps will more than likely move up in advance of events.
The ROI is maximized and better maintained when both phenomenons occur together.
To answer your question: first, he was not booted but took his ball and went home and secondly, one week after his departure the stock hit a new 52 week high and currently trades at about the same level since his departure, which was around Oct 1st.
I do not think there is any correlation between either event of the new high or his departure.