Re: For googles sake! Why has eDigitals shareprice shot up 60% in just 2 days?
posted on
Feb 07, 2009 07:43AM
Indeed... no one aside from insiders and shareholders like us who actively follow EDIG are aware of the information that has just come to light. If the increased volume, price and hopefully a new 52-week high next week can trigger some alerts amongst the trading community, then this mini-run (which I think existing shareholders have started) may just continue a little longer. Now if news can be released next week that's positive regarding digEcor and if the 10Q can be accompained by a business update wth some good numbers and guidance, we could well leave ten cents and the teens behind for good. Add in a potential settlement with Samsung plus a new round of infringers and it would appear that the planets are finally starting to line up.
If I remember correctly, I believe the court gave itself a maximum of 3 weeks to render a decision following the digEcor hearing. That time is up next Tuesday or Wednesday I think. So the decision should be revealed next week and then will be followed by the 10Q. Official PR's regarding the last 3 settlements will come later this month and maybe in March. All of these events coming rapid fire should give the market at large something to consider. If we can get the market's attention then we should be able to hold it for awhile. I'm looking for increasing volume in the coming days and weeks.
- Sinkman