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So is me winning the lottery.
MDMN broke near term support yesterday and has weakened it. Today it weakened the support at the 50MA .0814c. The lower levels of support are .0786c and then .0782c, which again, were both violated yesterday. The next level of support is .0659c.
The weakness in the bid support tells me MDMN is going lower unless there is some really good news to reverse this trend.
Still think it will be over .10c by the end of the week?
So I am curious what you actually mean by this?
Just got filled on 50k at .075!
Make that .075x.080. Looks like i will hit my buy range.
.081x.085, below Friday's close does not look good to me.
As someone who has only been around MDMN for the past 4 months and seeing the way this stock has traded in anticipation of certain news events I find this under-reaction very telling and not in a positive way. There have been several times in the past 4 months where I have made nice returns with this stock and there have been large 'volume moves' prior to news and then a selloff on the news. This time seems different. The stock was down 4.28% on Friday before the news came out and no premarket trading this morning with news like this seems negative.
Regardless of what some of you say, anyone who invests in stocks does it for profits, not for love of the company or the story.
MDMN's chart pattern looks good but when new like this comes out and the reaction is so underwhelming, it tells me that there are other things going on. Positive or negative I do not know.
If the chart patten stays positive then maybe there is a chance it will move to the upper end of its near term trading range. I have to say that I am surprised that this stock is not up quite a bit on this news and breaking out of its trading range, especially after reading all of the other poster's comments as to how long you all have been waiting for news like this.
I do still this it is odd that they did not wait for a Monday morning release during trading hours.
I wonder why this latest news did not show up on the "BusinessWire" like the last few announcements?
Bottom line: The share price tells all. Let's see what happens... If it is 'real' news then the stock should go up. I guess tomorrow will be a telling tale.
Odd that they would not wait until Monday Morning to announce this if it is that good. Or announce it during trading today. Very odd to me.
The lack of volume tells the tale. Nothing Monday or Tuesday is going to happen. I still think I may get my fill around .0777. Unless the news is really good I doubt we break above .11 based on recent moves and resistance levels.
I still think I can get filled below .079 on some more shares.
Last Tuesday and today look nothing alike on the chart.
To me, the action in MDMN denotes shorting, could be naked shorting but shorting non the less. I am long a small position and up on it nicely but do not like the price action here, maybe I will get in my buy range after all. If the news is not out by Friday like they stated or if the news is not stellar, watch out longs!
I still own 200k shares around .067 so i will be happy if it moves. If it pulls back to my buy zone I will accumulate quite a bit more. That is why I would rather wait. If I get it, great! If I don't I will still profit. Patience is key and that is one of my strong points.
So, what you are saying is if they do not come through by the end of the week I may have my opportunity to buy a lot more?
Oh MDMN how you tease and taunt me, LOL! I am still looking for an entry point around .081. Best case would be .0777.
Actually I am not sure if the 10b5-1 plan applies to pink sheet stocks. If you go to Sec.gov there are no filings for Medinah Minerals.
Actually insiders can buy whenever they want as long as it is reported (although I do not believe pink sheets are requires to file the Form-4) and they have to hold that purchase for a minimum of 6 months before selling.
I missed it where they gave a written intent to purchase MDMN open market shares. Can you please provide the link to that announcement? Thanks!
MDMN is very quiet today?!? It looks decent on the chart but it could still go down to .0779 or so if there is no favorable news in the very near future.
Could someone be shorting? Financials out tomorrow or Monday I think.
Insiders always have insider information and they can buy their stock at anytime however they can not sell for a profit or to avoid a loss for at least 6 months after buying in the open market.
A high five figure return in 4 months is not pocket change. I currently still hold only 200k shares below .07c. I was hoping to get another 800k-1.2mm more shares at my price target. If it hits it I will buy and if not then no big deal. The reason why I am successful is I do not chase stocks. I wait until they come to me. Sometimes they do and sometimes they don't. I am happy to see people make money, myself included. I want MDMN to go higher not lower.
That would be nice but highly unlikely unless some amazing news comes out.
Ready for the drop! I may wait until .0773 to start buying.
.0831 is weak support. .0811 is where I start my buyback.
I predict that you are wrong because if you are right then you know something you shouldn't or you have a crystal ball. Plus I am looking for .082 to buy back in. So I predict it will hit .081-.082 before it sees .10+ based on technicals.
I suspect there will be more selling unless news comes out to move MDMN back up. If not it will fade to about .08c and I will be a buyer at that point. There is a lot of overhang between here and the new high of .109. Until that unwinds I do not think MDMN is going anywhere.
I have been buying the rumor and selling the news with MDMN. I will buy it back starting around .081c that is where the support starts.
It's 9:50am, get ready for a big move higher. Going above .11 imminent!!!
If you have been in the market as long as I have I am sure you will agree that crazier things have happened and irrational exuberance does exist. All it will take is the MM's stepping off the ask.
I also know it is rare but there are brokerages out there that let you naked short stocks like this so that may be a factor as well, may.
Then there is also the 'possibility' that the 'news' may be 'a lot' better then 'anyone' has predicted. So you never know!
I am glad we agree HR! With the monthly chart showing what it is showing, from a technical standpoint, upside resistance is usually broken strongly! So I would not be surprised to see movement into the .20-.30c range in the very near term! I have already made a ton of $ trading MDMN this year and my posts will show that! I am pretty confident that there are a lot more profits for all of us in the very near future!
Hey, that's what I said, LOL!
If you look at the monthly chart it will give you a pretty clear picture of what the real resistance is. .17 to .19c. We take out .19c, sky is the limit!
The magic dragon? LOL!
I agree 100%
Someone hit that hard!
Get ready for .10c +++