Re: edig share price... wouldn't you agree it's the market?
in response to
by
posted on
Jul 01, 2009 04:33PM
SPY (S+P 500 ETF) on March 6, 2008 (the day EDIG announced the first round of suits):
131.06 close
Today: 92.33
Currently worth 70.45% of its value on that day (excluding dividend reinvestment)
EDIG on March 6, 2008:
.15 close (according to yahoo, which aways rounds to nearest .01, so let's say highest was .155)
Today: .111 (on some strange trading earlier with over a .02 swing (about 17% range) which saw EDIG between .104 and .125, but I'll stick with the close...
EDIG currently worth 71.61% of its value on March 6, 2008, even assuming the close on March 6, 2008 was .155, and rounded down to Yahoo's close report.
So which would you rather be in, even based on that inflated(?) close number?
Which do you think is more likely to double?
I do agree with your initial statement, however.
The problem is, it's not just the market.
Hungary and Germany are realizing it...... hopefully VERY SOON this country will too.