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Message: RE: Unaware sources of shares - doni

RE: Unaware sources of shares - doni

posted on Jan 12, 2005 11:32AM
Well, I know (!) of holders (that I got into EDIG) of at least 200-300K shares (cum) that are totally unaware of the day-to-day or even longer term prospects unless I tell `em. If they found a need for cash, they`d probably sell without a second thought (other than being pissed at me for the bad advice). I`d bet at least 75% of EDIG shareholders (or, better put, 75% of the float) are in that boat. And this is a time of year where people do find a need for cash to pay off credit cards used for Xmas shopping. Add no news from CES or PRs from EDIG, and sellers may abound. And then there are those that bought recently in the low twenties, seeing a seeming loss of steam, wishing to go ahead and take a 50% profit. Sellers are out there.... And I think we`ve seen the evidence of that over the last 3 weeks.

SGE

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