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Message: Re: BASSO Capital Management

Aug 06, 2008 04:31PM
WOW

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Moo
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Moo
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1
Aug 07, 2008 07:13PM


I doubt a short squeeze will happen... not enough shares short



e.Digital Corp. $ 0.10
EDIG 0.00
Short Interest (Shares Short) 1,145,000
Days To Cover (Short Interest Ratio) 6.1
Short Percent of Float 0.46 %
Short Interest - Prior 1,153,600
Short % Increase / Decrease -0.75 %
Short Squeeze Ranking™ -1
% From 52-Wk High ($ 0.23 ) -123.30 %
% From 52-Wk Low ($ 0.08 ) 22.33 %
% From 200-Day MA ($ 0.12 ) -16.50 %
% From 50-Day MA ($ 0.10 ) 2.91 %
Price % Change (52-Week) -44.40 %
Shares Float 250,140,000
Total Shares Outstanding 270,644,410
% Owned by Insiders 9.41 %
% Owned by Institutions %
Market Cap. $ 27,876,374
Trading Volume - Today 393,055
Trading Volume - Average 188,400
Trading Volume - Today vs. Average 208.63 %
Earnings Per Share
PE Ratio
Record Date 2008-JulB


It appears that short interest has decreased (a negligable amount) and there isn't a significant percent of the available shares short at this time.



However, even the mms hate to lose even a dime, so they will attempt to cover below their 'short entry point'. This point could be at .15, .16, etc. so I'm thinking that some of these trades going through over the past few days (duplicate at a slightly higher 'trade' price) might be a signal even the mms are trying to cover, under controlled circumstances, while trying to keep the price down buy posting low asks and bids until someone comes along and actually calls them on their ask price.

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