Broke its resistance level: A very Bearish Sign....
The great thing about the Stock Market is that it is a great justifier given a sufficient amount time. Short term trading can result in anything happening, but in the long term a stock will meet what it is worth in the marketplace.
The cream of the crop companies will rise and the BS'er companies will deteriorate.
After many years of surviving by top officers hyping EDIG publically, it still doesn't count as much as one penny of profit would.
I give EDIG management a lot of credit for their sales pitched, they hooked me and others people who I consider really bright. The were absolute pro's....Putnam should run for office.
But as I have always said when I was attacked for selling near $.19, Time will be the great justifier...And the more time, the more you will see the justification.
