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Message: fundamental/technical

fundamental/technica...

posted on May 17, 2008 01:38PM

Anyone in their right mind wouldn't have bought this stock since January '06. The technicals wouldn't support it. Actually, the last real good buy spot, as everyone knows, was in about Feb. '09. I believe Sunpoop was there for that ride - because he had the foresight, and tenacity, to hold what he believed in. I wish I had had the same then.



Now here we are, 8 years later, trying to replicate the same situation. There have been a few potential opportunities - i.e., 4/'03 but tecnically a sell 1/'04 and maybe a buy in 10/'05 with a quick sell in 1/'06 - but any technically good trader wouldn't be holding EDIG now.



That leaves fundamental. I'm more inclined toward technical but I think the revs warrant a positive fundamental approach.



So what I see we have now is a lot of proselytizing about what will happen and when. Doctors and Lawyers are worth their money in their chosen fields but, with the obvious exception being Dr. Alexander Elder, these and many other professionals don't usuually make good traders in stocks. The obvious reason is that human emotions, what really drives the markets, are not so easily quantified. I'm sure Lake would agree with this. I'm also sure he does pretty well with trading stocks.



I'm not a good trader. First off, I have to work during the day to make my bills. But, mostly I don't have the discretionary funds to make any mistakes. I made a decision that EDIG is the real thing based on years of observation. I also know that the market is a wicked game and anything can happen.



So, I listen to certain people. For instance, Doni has all the credibility I need to believe in the tech. Plus he comes across as genuine. Sunpoop, DB and a host of others are always positive on the company - and I believe that enough of this will help drive the shareprice eventually.



Technically, .11 is a solid support area going back 2 years. Fundamentally? I can't really say.



Story stock? You bet. Or I should say, I bet. All the cassandra types, in my mind, don't know anything more than the real credible people on this board.



Of course, this is the internet. There is really no accountability. We're all on our own. Even pictures posted could be anyone's.



Wicked game, ain't it?













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