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By the way DonD what is your response now to this post?
Nasdaq maintains and puts out a list of violators of Reg SHO Threshold. This is what I found DonD.
http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold
http://www.nasdaq.com/symbol/mdmn/short-interest
Holding 400k shares right now @ .0688. I would take a bounce here back up to .092. But if I see a move down to the .0608 area then I will triple down and ride it back up. I hope this "translated' book has some positive stuff that will move MDMN. If not we continue to slide. The overall volume churn has been higher in general so that is why I think their could be a bottom being put in here.
MDMN could be making a triple bottom here so I just picked up another 150k shares @.0693. If it goes down to my buy range I am going in a lot bigger for a nice 20-40% bounce.
This is a pink sheet stock it can not be shorted unless you have someone on a trading platform that can get away with naked shorting of the stock. However MDMN is not on the Nasdaq OTCBB naked short list or being shorted in any way, shape, or form. I also checked the Reg SHO list and it is not there either. I just hate when people post things and they have no idea what they are talking about.
http://www.nasdaq.com/symbol/mdmn/short-interest
It is simple. The shareholder base sucks and MDMN sucks at increasing it. They should have employed a top notch PR firm to do an email blast of all this news.
Technically speaking the 200 day WMA is at .0672c and the regular 200 day MA is at .0605c so close to a good entry. If the news is lackluster though it is going to drop to .0579-.0526c with the dead low at .0243c
My personal opinion is .064-.063c are going to be the best entry points near term if you can get them.
I am shocked and amazed Hurricane_Rick! You actually agree with me on something! Maybe this is the turning point for MDMN, LOL!!!
But I am glad you see the point. Usually PR firms work for shares anyway. That gives them the incentive to make the stock go higher. And the truth of the matter is that with all the recent news out there a good PR firm could easily spin this to .15-.20c
It would be much better if MDMN could sell those 165mm shares left at .20c instead of .07c and that is what a PR firm would do for them.
Thank you Beth for seeing my point. And if they do not have a PR firm then management are a bunch of idiots. The stock right now could have been in the high teens if they had employed a good PR firm.
Small buys and large sells is all I see.
Great news! Laughable! If it was so great then you would see volume regardless of the language it was written in. Remember, all of the new executives speak spanish and I am sure this report is in those south american mining websites that all you have posted on in the past.
I also find it suspect that MDMN, knowing that the report would be written in spanish, did not plan ahead of time if it was so good.
Technically, which is how I trade, I still believe there will be a pullback into the low .06c range and that is where I will load up. One penny to go!
Your Quote:
"You may want to consider this and set your time frames and share price expectations accordingly. "
Which is why you received the response you did.
I understand with all the stuff I have read about MDMN's past you may be a little frustrated. I hope things change and it looks like they are changing but I feel there is still a long road ahead.
I still think this stock can trade into the teens after another pullback near term which is the only reason I am sticking around.
I have already traded MDMN 3 times and I currently own a small position below where it is trading so I am doing very well for a 'short term' holder. My first buy was below .04c. My best sell was .1073. I hope it goes to .066-.060 because I will go in heavy and make another killing. Right now I only own 250k shares at .0686.
In English? Simple... If the news is sooooooooo gooooood why not release it Tuesday morning. Either the news is not all that, which I suspect. Or they really need to FIRE their PR firm who don't know shit about promoting a stock.
It looks like I am gonna get my price in the low .06 range! I may hold off however because MDMN may revisit it's April lows.
For your answer to that particular question I think you should watch this. But the answer lies between the 10 and 15 second mark on the video. The rest would be for entertainment purposes only...
There are no shares short.
Could get cheaper. If there is going to be another run to the upside I would think there will a big shakeout before that happens. That is what I am waiting for.
Right now my cost average on 250k shares is .0686. If it goes to to .065 I will most likely buy another 250k. If it goes to .0605 to .0602 I will buy a tremendous amount.
Getting closer to my buy range. Another 1/2 penny to penny and I am a heavy buyer.
Next stop .0666-.0653 if it breaks there then the next stop is .0626 to.0601. Can't say I didn't tell you so.
Not today and most likely not until there is some really good 'material news'
Oh well so much for .10c by Friday. Oh wait there is still 4 hours left in trading, LOL!
Oh boy here we go right to the recent lows of .0626 but at least it will be a buying opportunity.
Yes, my current cost average is .0686 on a very small position.
MDMN would need to move up 45% just to be back at .109c and I do not see a catalyst that would make that happen.
Right now .075c is the real test. I notice a lot of larger block sales compared to tiny buys on the offer. So there are not a lot of buyers out there.
It is looking more like a sell down to the lower support levels at this point.
Someone offering 1mm shares at .08
I have been retired for about 2 years, I am 44. All I do is trade for myself now. I am thinking of starting a business teaching people how to trade for themselves.
Different technicians use different studies. I have been in the market for over 20 years, 17 of them professionally so I am pretty good at what I do.
Just start taking out all the offers and I am sure you can get it to a dime, lol!
Just saying what my charts are telling me. I call it technical support.
TIMBER!!! A sell off is coming. Next good entry point is .0662
It could be making a double bottom here, best case scenario, but unless there is some good news .0661c here we come.
Max shares outstanding under the deal would be 1.5 billion shares. As it stands right now they are offering 85% for the Altos de Lipangue group of claims. Regardless of all the other assists, if you take 85% of the shares outstanding which is 1.275 billion shares and divide that into 100 million dollars you come up with .0784c. I know there are other properties and values but based on my fuzzy math that would be the best price for Letts to buy shares in the open market. This is obviously not a reflection the entire value of the whole company.
Here is my fuzzy math on the Letts family buying shares and what would make sense for them...
$100,000,000 for 85%. So max shares out would be 1.5 billion. So, 85% of 1.5 billion is 1.275 billion. 100million / 1.275 billion is .0784c. So I believe that the only buying that will occur will be below that price. If the valuation is much higher then they would be buying right now. So obviously they do not have a solid idea of the worth of this deal, which is why they have the 3 year option, and until they do the stock price will languish unless some blockbuster news comes out.
Beth0515, you seem to be one of the most level headed posters on here! If we break .0775c we will see a move to the .066c range. I think we see that before we see .10c again.
Down on heavy volume, never a good sign!
There is no short interest in MDMN.
http://www.nasdaq.com/symbol/mdmn/short-interest