Re: FIDELITY .17 x .179 LOOKING BETTER-FL
in response to
by
posted on
Feb 26, 2009 10:22AM
Not sure there is a point to your post other than to vent.
Yes, I bought in originally when the stock was at similar levels in 1999, before we had the market recognize EDIG's potential at targeting flash markets with its patents and products.
The stock soared beyond belief. Something triggered it. What made it worth $1 one day and $24 a few weeks later?
Fast forward 9 years, yes, that's what it took to get to this point whereby EDIG is again leveraging its PATENTS...patents they have held all along and patents that target what has become a $45 Billion annual retail market.
EDIG is no longer just talking about it but is experiencing a record year as a result of their patents and IP protection efforts.
So it took this long to see the proliferation of Flash based products and structure a scenario whereby EDIG can profit, and yes, WE ARE HERE !
So if that doesn't excite you, I don't get why one would still be here, after all, you could have bought Lehman Bros, ENRON, WAMU or a host of safe, long term investment plays. (haha)
I'm thinking that EDIG at .17 BEFORE settlement numbers are even released is an indicator of something positive.
As for Res Ipsa Loquitor, yes, sitting close to the 52 week high just off news of a record quarter and profitability does, speak for itself.
Have you seen the rest of the stock market lately?