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Re: greenbackisback post# 327

Friday, 07/01/2011 12:21:49 AM

Friday, July 01, 2011 12:21:49 AM

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Be careful with EDIG. It's literally an infamous stock from the dot com boom that has been held tightly by long-suffering longs who just received a disastrous court ruling in the company's patent infringement lawsuit.

The stock is extremely illiquid and longs are looking to exit. This is a 23-year low for the stock. There is nothing about this company that would make anyone want to buy it right now. You might not get the bounce you hope to get. It's more likely that buyers will become bagholders.

See here and here for more information.

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