posted on
Oct 06, 2009 11:22AM
Message: T/A
You both are right...
EDIG pps should be double what it is today if if was trading a "Normal Market"...
However we are stuck into the present rut due as a result of two other factors which should a part and parcel of any valyation of PPS...
1) Th Grip MMS have on this stock which I call the "MM FACTOR"...
MMS have established a 3 cent range for the daily float of EDIG. And unless there is a flood of buy Orders in the 3-5 million range daily, they simply do not allow an orderly growth in the pps based of the factors you both mention. Time and again we have seen they will sell 200 shares between each other to reverse any momentum to build up on a daily basis. They like us are waiting that BIG BANG to allow trading beyond their established 3 cent range...
2) Second is what I call the "US CHICKENS FACTOR"...For the time being the majority of buyers of this stock are US, the established current shareholders adding as we wait for the "BIG BANG". That includes a string of traders who flip flop between PTSC and EDIG. And when PTSC is active they tend to keep their money there instead of buying 600,000 shares here in one pop as we have seen...
This means that we need NEWS that will be of the caliber that will will propel EDIG to the attention of MARKETS at large getting the attention of Institutional buyers.
That is why the "settlement" with Samsung is so Important. Aside from its inherent value in improving the status of EDIG as a viable tech. company, it has enormous value beyond any "Public Relations" campaign EDIG can mount to get the attention of the buyers for its shares in the open Markets at large...
GLTA...
Gil...
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