Re: judging from trading patterns today
in response to
by
posted on
Jan 24, 2008 04:36PM
Remember, they will only cover at these prices if you let them (by selling now):
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Take the days to cover and double it. There will always be more "new money" coming in, especially if we start seeing an increase in the SP.
Where wouls 6 days of .01 gains put us?
Right about where we were before the mms started to short, to get the price down so the company had to issue 33% more shares to raise money that they would have otherwise printed less shares for in December.
You can't convince me this was NOT planned, nor is it a co-ink-i-dink.
Don't think that big (smart) money thinks EDIG is going nowhere.
Not only did they acquire 33% more shares, they stole others on the way down.
BTW, anyone seen LL lately now that EDIG is gathering steam over the past 10 days or so...? (I will acknowledge EDIG was caught in the market downdraft, but look at how it is recovering and that we had few sellers today at the low (today) which was also the 52WL.)
I'm just wondering........