Volume below .15
posted on
Sep 25, 2008 03:33PM
According to trade history, it appears that approx. 23,568,100 shares were traded at or below .15 which was last seen on April 4, 2008 (these numbers are based on closing numbers...)
Today's 2,794,467 shares to recover all of the price "lost" since April 4 (closing of .15) could suggest that only 11.86% of the shares sold in the past 5+ months were sold... for a profit, IF all the shares sold today were purchased since April 4.
If EDIG can gain 51% on only 11.86% of the shares which have been purchased that would allow a gain (I think we can agree that the past few months have been at either all time or multi-year lows... and for those who have been holding multi years, why sell today with only one settlement of many to follow) how much more life does EDIG have when over 88% of the shares purchased in the past 5+ months have not even been sold, (since it is mathmatically impossible for that to happen if any shares purchased prior to April 4 were sold at a loss, again, assuming that any shares held many years were not sold today because only one settled)?
Either way, I'm glad I have been averaging down all along since my first purchase. If any MM is reading this and sold me those shares short, you can buy them back.... when I'm ready.
If any long sold them to make 3%... glad you made some money.
If you had to sell at a loss... well, I hope you can get in as much as possible now to mitigate any loss, unless you were looking for the quick buck... and really didn't look at EDIG as the investment it is by holding and believing all the information which is in front of you here.