I have been following this stock for a while now, since a close friend who has a connection at Oracle's production and development department said to me that Edity has been mentioned a lot in corporate meetings.I bought in yesterday because I figured that the stock was going up due to a buyer (maybe Oracle) accumulating stock. The recent run-up from its lows started with heavy buying and high volume Monday. Obviously it is more than retail investors getting in.Remember 44% of EDFY shares are held by institutions, so don't be discouraged by today's drop, if large volume continues tomorrow, it could signify another trial run by an acquiring company. At the current value, the company is VERY CHEAP. Hold on to your shares, this might fly any day now.
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