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IORG is holding very well considering the rest of the market sucks. It appeared on Friday's close that approx 50k-65k shares were between the close and a new 4.5 year high of .545. Filings and news would be the catalyst for that event to occur. For now, holding tightly to my .08s-.40s with the hopes that management kills it over the next few weeks and months. Very thinly traded and a great share structure of approx 14.6MM OS and a float of less than 6MM. GLTA
MDMN 5 Year Daily Chart ~ Every Picture Tells a Story
On the chart below, I put a 'cut-off' period for this chart beginning when MDMN hit it's high of .19 in early 2011, the highest level since early 2000, or 16 years. But I'm only using the .19, because I personally don't know anyone that bought as high as .19 in the year 2000.
I'm glad a few are happy that MDMN is up, but it's really only up for those that bought in the last couple of months. You don't believe me? That's fine, just look at the chart. But look at all those swing trade opportunities a few of us missed over the years with our idiotic drinking management's Koolaide and our Buy and Hold Strategy. Fortunately, there have been some great swing trading opportunities over the last two yeas as MDMN has been a very nice stock to trade.
Anyway, I hope the Koolaide turns to MDMN Champagne for all longs. I hope to be swing trading it for a long time yet, unless my thoughts of a buyout become reality. If so, many other buses come along every week or two. GLTA
Or after accumulating a majority position and buying out the company for a relatively low amount, thus saving millions of dispersants in future dividends, royalties, or any other cash flow to a minority shareholder base, thus keeping it all for Auryn after it takes over MDMN. They more they purchase on the open market, the more of a possibility that avenue becomes to me. But what do I know. I'm not on the inside. And when you're not on the inside, you're on the outside.
I believe Pocho69 meant that there were a lot of sellers this week who were primarily selling into just one large bidder. You did see consistent dumping into that bid. Of course there's a buyer and seller for every transaction, but you are twisting his message without looking at the trading pattern of huge selling.
Hopefully for investors that have been holding for years, and in some cases almost 20 years, you will not see a tender offer at a low price. The more 'groups' close to Auryn accumulating, the more likely that scenario becomes a potential reality. Not sure what MDMN's bylaws call for, but if 51% control is all that's needed to approve a majority vote, that won't be good for those believing that Auryn is going to have decades of association with shareholders of MDMN.
Yes, someone is. Hopefully not the main player on the property down there that ends up gaining a major controlling position and subsequently makes an offer for .05 to buyout the company. That would really suck after two decades of MDMN history.
MDMN Daily Chart ~ Back Inside the Bollies
Ok, it's too early to say whether a top is in place, but the targets for those swing trading were already met. MDMN ran from the support lines I had at .014/.0145 to the MA200 along with trading outside the upper bollie with the candle 100% outside on Wednesday and Thursday. Back inside the bollie bands today. A day or two rest before further upside? Or yet another sell off? Who knows. The FullSto negative crossover is setting up, but not there yet. MACDs have a long way to go, though. So, too early to call a top, but certainly a ton of distribution underway the last 3 days. Those that took quick 30-50% gains, yet again (at least five friends, three others on the board, but not me this time). congratulations. If MDMN continues, some may be swinging around their core position and will continue seeing some gains. If the stock drops, they'll be able to re-enter with some spare cash. Great bid support has been sold heavily into. For those that still blame it on a few who are swing trading a few million, the selling has been in the 10s of millions, so don't place the blame once again on the traders. I hope MDMN continues for everyone in the stock. GLTA
I'd rather smoke other stuff than mirrors
What's that I see? Buys at the ask of .90? More buys on the ask. Damn, more laughable bullshit dismissed day after day after day.
.85s almost gone this morning. Oh, btw, those were on the ask, as have been most buys over the last many weeks. Remember, no one can ever sell shares at the ask, lolol.
Can't wait to see the next rounds of laughable bullshit you get to dismiss. Very entertaining.
Too Funny!
Yes, I know. I'm sure you'll get a lot more laughable bullshit theories about how PYHH, soon to be Osceola Gold, is a scam, never mined, no permits, blah, blah, blah. See you at much higher prices upon the funding?
Ok, now it's complete. Good research. May I ask what it took you? 20 minutes, perhaps?
I think I need some more popcorn. You might want some also Rawnoc. This is one of your easier lessons in teaching beginning research that I've witnessed in some time by you.
Go PYHH
Once you have answered all the repetitive questions a few more times, I'm sure we'll be back to the security guard who wrote a blog about the scammers who fired him because he was shorted by 15 minutes on his paycheck or whatever that hard hitting blog was about.
Just waiting for the funding, the delivery of Miss DeRocker, the beginning of production and the huge revenues and profits coming soon.
Nice rebound from this morning's low of .64.
My only post to you....... Sorry you missed the .08s and the 11 filings back in July. All the other laughable bullshit has been negated. Now we are off to the convertible debt argument. Way Too Funny!
It's a scam, lol. Ok. Yet some of you can't even find a simple permit. Way Too Funny!
Keep yapping and I hope to keep banking..... since .08 so far.
See you in March
Pretty awesome bid!
I don't know Abazaba. But don't you find it interesting how the price appreciation is taking a little breather up here above and outside the upper bollie along with its proximity to the MA200. I hope MDMN continues to run for all.
Currently, today's entire candle is outside the upper bollie. Personally, had I been in my 8th swing trade, I would have sold above .02 already after entering near .0145 just 3-6 days ago. Would this swing trader be crying like I was supposed to be crying the last time I sold for a sharp 80% gain? Nope. Who knows what the stock will do tomorrow? No one. But this last trade for those that entered near the support line are up approx 40%. Not bad for a few days. Add that up with all the other swings, and you have people who are banking. But then one has to remember, the genius comments about charts and technicals don't work...... Ok, whatever.
Nice trade, Kezzek! If you apply the same to the big boards, those few indicators I share work extremely well. You just don't have to stay as vigilant because there's nowhere near the amount of manipulation or volatility as found in the OTC.
Today we saw an amazing amount of volume. That's a lot of buying but also a lot of selling. I had mentioned to a few to keep the .02-.022 as a target when they entered at the support level. It's only a technical target due to the upper bollie and the MA200. I only begin exiting when the upper bollie is violated by more than 50% of a daily candle. So far the FullSto and MACDs have plenty of room to move, so not a lot of concern with those indicators. Can MDMN continue higher or does it stop here? Who knows, although the indicators aren't overbought yet. All I know is that the .014/.0145 level held well. Those that entered, as you did, just made a nice little trade. If MDMN moves higher, find the next bus that comes along. GLTA
Excellent!
Thanks. I thought it was funny also. A few of us make 7 of 8 successful trades over the last 12 months, and charts don't mean crap. Too Funny! I hear of the great fundamentals for years. I sure wished I had used my charts instead of the rumor mill for banking. Did you see my 2 year chart I shared? How'd those fundies work out for everyone not using charts?
Yes, Too Funny
Very intelligent post. Thanks for your excellent DD
Then cancel your order at the ask. Or are you calling the ETRF seller an idiot just above the ask?
What is a chart move? I played AAPL for over almost a one year swing in 2014 into 2015. A chart and the technicals simply reflect money flow into or out of a security. If you mean this could be a longer swing trade than usual or a reversal, yes, as it appears it is shaping up due to the volume and a potential reversal from the 18 month decline. The problem with MDMN is that it's almost always a quick, sharp move to the upside during a pumping period, but never a continuation backed by any fundamental news to warrant the higher valuations. Could this time be the case? Don't know. They need real, verifiable news, which has failed to come out for almost 20 years now.
Here's a two year chart showing the long decline and the possible reversal. A close above .0245, and especially .03, on strong volume would signal the beginning of test at higher prices. It's fairly easy to read. You can see the numerous short term spikes along the way during the decline, but they have failed every time. Slow and steady would be much better.
MDMN Daily Chart ~ Nice Bounce Off the Minor Support at .014/.0145
Although I didn't re-enter at my support level of the .014s, the stock is beginning to respond including the positive crossovers of the FullSto and 2 of 3 MACDs so far. Those that took the calculated entries at .0145-.015 are beginning to see 20% gains so far. The stock needs to close at .0181 for the highest close since mid January. Whoever the large seller is will eventually run out of shares. Upper bollie diving towards the candles, so stay alert.
I picked it up when 11 filings hit all at once, back in July. There's only one reason a pink sheet stock brings their filings current. That's because things are going to happen. So far, it sure seems like it.
The .08s were look hugely nicer but the .60 buy will also, over time.
I added 2,000 at .60 last week. Oh! It was also on the ask as have most buys since then. We've been told for weeks that you can't sell on the ask. Rob, who sold a few times over the last couple of months, knows damn well you can sell on the ask. Maybe not every time you enter an order, but one can sell on the ask with patience.
Maybe we'll see the same buyer who took out 5,000 at the ask of .95 yesterday take out the less than 2,000 shares at .98 today. Then on to $1.00 and higher, I hope.
Thank you Sir. It's only the truth. Those that don't want to believe it can kiss my grits. I'm the one with tremendous profits in a shitty market. Plus I'm not holding a dog that has fallen from $13.13 to barely $1.00. My pos SNST has risen nicely over the last 2+ years. And monetization hasn't even occurred yet. When that occurs, oh boy. If you think the lows from .0204 to $1.37 have been fine, you haven't seen fine yet.
BWHAHAHAHAHA!!
Permits in place, RMS Ross awaiting payment from the first tranche from the funding of a $20MM line of financing, plenty of production of gold while they were in operations until the EPA halted production due to permitting of water issues. What's not to like. My apologies to those that didn't add when I did at .08 in mid July. Not my fault that the laughable bs kept a few from accumulating with me. Not as dumb as I used to be. Strong DD and not relying on the misinformation of others. Quite simple when one thinks about it. But it still takes a lot of digging to get to the real facts.
No need to apologize. It took me a while to figure out who to call to confirm..... about 2 hours. Sorry folks, I'm not as smart as Rawnoc.
Agreed. When this issue first came up approx 3 months ago, I was concerned. Since then, with minimal research, all permits are in place. One just has to be able to use a telephone to confirm that laughable argument that no permits are in place.
Ah! First of all, welcome to the board. You're response isn't DD, perhaps to some, but I can't rely on that form of DD. Most here aren't familiar with the real DD on SNST nor do they do any. I might even go as far as saying they don't even do any DD on the investments they might be involved in. There is plenty of good information out there, but one has to actually do it. Those that have followed along here for over two years have seen the share price appreciated substantially while they wait for the company to monetize their assets of $573MM. Laugh all you like. I prefer laughing with my green appreciation.
Keep in mind, SNST hasn't risen to $13.13 and fallen to under $1.00 like a cure-all nevercides that I used to own. When SNST reaches $13.13, it's almost assured that it won't drop like that stock I used to own did. Why one might ask? Simply because SNST isn't a share selling scam. Barely over 14.2MM in the OS and a float of approx 1.95MM.
Should SNST actually get to $13.13, as that garbage I once owned did, it will more than likely continue to appreciate over the years as it already has seen with the appreciation from an intraday low of .0204 to the current 1.37. The stock was higher, but in all fairness, even quality issues like PCLN, NFLX, and AAPL have taken beatings nearing 40-50%. Seeing a stock like SNST rise from the lows of two years ago may be somewhat inverse to those cure-all wonder stocks that continue to sell shares while scamming investors, delivering nothing, and resulting in tremendous declines, some of which have witnessed losses nearing 90%. I feel bad for all those with horrible investments like that. It actually sucks. I know, as I used to own a few while hanging on and hoping for a reversal. Not a good investment strategy though.
I'll continue accumulating SNST, as I did last week and this morning while I wait for SNST to deliver. I even snagged a few shares at .71 last week during a 10 minute market sell order. Those shares have almost doubled now. Sorry, but I can't offer a cure-all for garbage investments here though. Probably just solid gains over the next couple of years as we've already become accustomed to in SNST. I'll hopefully be riding SNST to a profitable future, which for me, personally, is lot better than riding others while they slowly sink INTO the sunset and to huge losses. I'm not as dumb as I used to be, lol.
Again, welcome to the board, and don't be confused by the noise which has little to do with real homework. GLTU!
Someone took the ask of 5,000 at .95. Only about 7500 left to break over $1.00. Will be a distant member upon the receipt of funding. Gold tapping $1,190s today with more coming over the longer term. Excellent margins for Osceola Gold.
Seriously doubt it. Sunset isn't offering the world worthless bio-everything cures while others that do have fallen from $13.13 to barely hanging on the $1.00.
SNST has risen from .0204 just over $1.30..... So you are correct. SNST is finally going to go what it's worth, and that's approaching its BV of over $40/share, until others that continue down, down, down, while scamming investors with bio-cures for all of humanities ills. BWAHAHAHAHA!
LOL, I have no idea. I'll let that to the pumpers and talking heads, even thought there's no way in hell they should have that kind of information. That's why a chart and technicals help to 'read' the money flow which is primarily based on rumors and insider info/pump.
I'm glad you got a few shares at .015, which was very near the .014/.0145 level, which you can see has held for over two weeks now. Whether that is the bottom or not, no one knows. But it has helped a few to not attempt catching the falling knife from the .0245 top during the last pump job. Would you rather buy when the indicators are screaming "sell", or stay patient and wait for the front loaders to dump and catch that next calculated entry? I learned the hard way and it was a very expensive education.
I haven't re-entered MDMN yet because I'm currently in the IO** trade from .08 up to the current .47. So far the chart and technicals aren't suggesting I sell yet. I also shared a gold stock on IHUB at .08 x .15 (I also shared it here but it was deleted as OT which I understand). That stock closed at $1.00 on Friday. It also doesn't show a caution sign for me yet. There are a few others, but you get the point. Use the charts and technicals to your investment strategies.
Good..... Morning..... MDMN......
.......Things..... are.... looking..... better........
........... ......... ......... ........
Yes. She's BIG. She's Expensive. And hopefully she'll be on the mining site of Osceola Gold in a couple of months. If so, I want to meet Miss DeRocker personally and shake her vibrating plates!