Edgetech Services Inc (EDGH)

[mjc1]

Don't see much dilution at this point...

I like what I'm seeing with regards to the price/volume action. The indicators I'm looking at show minimal dilution after the two huge volume up days this month.

This of course, could change at any time. But as of right now, this consolidation looks good to me. I take it day by day and evaluate as such.

I attempt to identitfy and exploit temporary supply and demand imbalances; I stress the word "temporary" because they never last long. The MM's have enough tricks in their arsenal to rectify any situation where demand is trumping supply. In rare instances, that aforementioned imbalance cannot be righted immediately, and IMO that's when the big money is made in the short term. I see a potential setup for that here, but most setups don't materialize into the big winners. So I don't let my hopes get up too much. Minimal dilution and a re-acceleration of the volume are crucial, along with (of course) a stabilization and move higher of the PPS.

Fundamentals are a crapshoot with penny stocks. Most times you end up wating for the next piece of the puzzle, which never comes soon enough, if at all. Playing the news (the future) is a fools game; playing the charts (the present) is a better option IMO. Unless you have a very long timeframe.