Re: What say you? Padron, SGE1
posted on
Mar 25, 2007 01:20PM
Thanks for your reply.
When you look at the .13, I believe you could see the potential rise to the resistance area of about .22 - if you also believe that EDIG had the potential to go up vs. down. Next resistance seems to be about .38 or so. And stronger resistance at about .60, looking at the 5 yr. chart.
PTSC sees resistance about .70 (+/-), .80 next level and about 1.20 - all going back a year.
So, looking at #'s alone, I'm still in the dark as to intermediate potential. For me, the question is more about the perceived value to the community.
I pulled out of PTSC based on volume traded going back to the beginning of '06. Looking at the # of shares traded from late Jan. thru early Mar., it seems it will be a while before there is another major run..
The recent volume in EDIG shows me that there is more interest here (at least for now). I also think there is good potential for retracement to support at .20 - .22 if no news follows soon.
The wild card - as always - is perception. I use volume to help me make my decision.
Good luck back, John