e.Digital Corporation (fka EDIG)

[acrazjo]

Even our "beloved" resident b-sher is willing to admit that edig's pps action is hard to predict. Heck she may actually be wondering if this is the time to buy in!

From another Ihub trader board.

Posted by: Cassandra
In reply to: lancebps who wrote msg# 12956 Date:12/12/2003 5:15:32 PM
Post #of 13043

lance: No mention that they may have to ask for an increase in authorized shares. If it becomes an issue, they plan to do a quick proxy requesting an increase (#msg-1806472).

The stock gapped up today because yesterday they issued an "alert" to those on their e-mail list about another web cast next Thursday (day before the S-3 deadline). Some are convinced that the web cast is going to announce a major deal. IMO, however, the web cast is damage control for the S-3 (they used the same tactic when the auditor resigned).

Might have some trading ops next week, but I wouldn't be surprised to see it gap down Friday after the web cast. I agree that without major news (or without the strength of trading groups like yours), the stock would be expected to drop further as the new shares hit the open market. But then again, this stock doesn't always behave as expected. That's why it's helpful to learn about level II and charting.


~Cassandra