Accumulation of EDIG stock is going on
posted on
Jan 25, 2013 08:37AM
Accumulation of EDIG stock is going on and has been going on for months. That's a fact. The buying volume is getting greater every day.
This comment and opinion is a little premature but I felt that I needed to express it to my fellow shareholders, new and old. First of all, let me say, "Best of luck" to all newcomers and to all EDIG longs that held on and added more shares over the years.
For me, being a long term shareholder since the late 90's, selling at a loss was not an option. I believed in the EDIG Patents and still do. That's why I bought this stock in the first place. I was and still am "All-In" as they say in Texas hold'em. I decided years ago that I was going to ride this beast to the top or to the bitter end, if need be, but alas it has not happened. As a matter of fact, they tried to kill the EDIG beast but it would not die and neither would the true believers. Congratulations, if you are still here, but if you sold, it's still not too late... in my opinion the roller coaster ride is just starting again, buy a pass and hop on board... take a ride on the wild side of stock investing....LOLOLOL
So, as the story goes, the stock plummeted and as many other stockholders did, I "Averaged Down" and bought more stock over the months and years. Yes, it was a very risky decision on my part and the odds were not good, to say the least. But to me, investing in "Penny Stocks" is nothing but risky business. So, nothing ventured, nothing gained. When we hit .14 cents, my break even point was reached and now I'm on the plus side of this stock.... it feels great. In this case, "Averaging Down" worked for me.
IMHO, the true tell will be if and when the settlements start rolling in... the anticipation of these settlements may be pushing this stock upward and that's a good thing. I personally believe EDIG's patents are stronger having gone through re-exam but many would disagree. That's their right to disagree and that's what risk taking is all about. If it was a sure thing, this stock would be in the dollars now. I'll say this upfront, I will not argue about it... it serves me no purpose, my decision has been made and I bought more stock to back it up. It's out of our hands now and will be decided by the courts soon. Handal will be put to the test and we will find out soon enough if they "have what it takes" to get EDIG the multi-million dollar settlements they deserve. I say they are well prepared, hungry, and ready for a fight with rock solid patents to back them up. We will see.
Right or wrong, the fact of the matter is, this stock is rising and accumulation is going on and that can not be denied. Last, but definitely not least, remember we have "NUNCHI" and the NUNCHI patents are like icing on the cake.
So, am I right or am I wrong? the verdict has yet to be deteremind. All statements listed above are in "MY OPINION" only and "MY OPINION" and 5 bucks will buy you a "LATTE" at Starbucks...LOL
GLTA,