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MDOR Chart for today. Consolidation has begun the last two trading days. There is good support around $1.12. Volume remains well above average.
PP - Even though Magnum made overtures to you to clear up any misconceptions you might have, it would obviously be pointless and a waste of their valuable time for them to attempt do so. As long as they remain a “penny stock company” in your mind they are out to swindle investors and are nothing but a scam stock. Like I said, I appreciate you clarifying your mindset for us PP. Those reading your posts have an even clearer insight into what makes you and posters like you tick. By the way, there are a lot of penny stocks out there, you must be a really busy guy.
Makamai
PP you said: "I certainly don't know how you decided that I believe all penny stocks are run by swindlers.." Maybe it’s because you said so when you made the statement “I think they're typical penny stock swindlers” Typical would apply to the majority. And I certainly hope you perform all the DD you say should be done, because if you did, you'd know that this company is the real deal.
Makamai
Thanks PP. Now we clearly understand how you think. Magnum has gone on record chastizing you for making false and misleading statements about the company. And now by your own admission you are saying "they're typical penny stock swindlers." So in your mind, if you are a penny stock company, you are out to swindle your investors. Fine, then you should only invest in stocks on the big boards. I might point out, however, that the vast majority of companies start out as penny stocks until they have built up the company to the point they qualify for a larger exchange. So penny stock companies are out to swindle you until they can get on a larger exchange, then they change overnight. OK, I got it!
Makamai
So PP as you so clearly stated, the company has communicated directly with you and " admonishing me for making "false" statements". So there you have it. The company itself is now on record having contacted you directly that your posts are false and misleading. That's good for everyone to know and understand when reading your posts.
Makamai
Glad to hear that they are "done with the dump" stoxrock. Looks like consolidation will prevail for now. Building good support at current levels and what did you say about volume??
Makamai
MDOR's chart. Record breaking volume for the 3rd day in a row. Although there was some selling pressure today (a long red candlestick was formed), the close was strong. This may be the start of consolidation or a rest stop. We'll see what tomorrow brings.
Makamai
What price did you purchase your shares at? There will obviously be some consolidation, however this is a solid company with patented processes that are just starting to get to market and Cohen's analysis of $2.67 is realistic so continue to do your DD. There is still plenty of buying pressure as the opening indicated and the recoveries from selling would suggest, and the volume is still outstanding - another record breaker today. I would hold for now.
Makamai
Stoxrock posted (5859):makami, what chart tell un now?? oh mighty wise one, take it like u like to give it son....
my boy
Stoxrock - You are obviously one of those people who never learns from your past mitakes. Once again you tried to say I told you so and managed to stick both feet in your mouth as always. There were some sellers which is to be expected, however we stayed above Monday's close which is bullish, flushed out the sellers and have resumed the buying trend and are about to reach yesterday's close. Anything else you'd like to know oh foolish one.
Today a long white candlestick formed indicating strong buying pressure from open to close. Since we are in uncharted waters here at this price level, there is no defined levels of resistance, so there is not much more you can say until consolidation begins. With the NR that came out tonight, I suspect we'll have another good day tomorrow as well. Not sure how the Cohen report was distributed. If its being parceled out on a daily basis, vice all at once, this could continue for awhile. Time will tell.
Makamai
MDOR - what a breakout! Record volume again today - over 2 mil. The latest movement is based on Cohen Independant Research report that came out yesterday with a target price at $2.67. This is the second breakout this month. http://www.grass-roots-distribution.com/mdor-report.pdf
Makamai
MDOR Chart - record breaking volume for the second day - broke 2 mil. Strong push at the end to break $1.50 and set another 52 week high. The question now is how high will it go before consolidation?
Makamai
Once again, the voice of doom and gloom has arisin. Well, obviously there will be some consolidation at some point stoxrock, however as long as this sort of volume holds up, it may be a day or two before it happens. I'll be interested in seeing what sort of formation you will claim when I post the chart.
Makamai
Aloha lightbeam - yesterday we closed just touching the top of the upper bollinger band, and today we gapped at the open and blew through it. I'll post another chart at today's close. By mid day today, we already surpassed yesterday's volume and are close to hitting 2 mil. Lets hope there are a few more days of this ahead before consolidation.
Makamai
Dom - Sometimes it really pays to be patient and granted 5 years can stretch anyone's patience. Fortunately things worked out and you were able to have these shares available to help you out of a bind - at least temporarily. I sincerely hope you find employment soon and everything works out for you and your family. Good things happen to good people. Stay well and keep in touch.
Makamai
Fsmith - tell me, would you have paid 500K for a shell that gave you only preferred shares which are good for nothing other than voting rights and not taken some common shares for reimbursement - I seriously doubt it. Chad simply chose to wait until the company looked like it was going to become profitable before obtaining his compensation for purchasing the shell. It's a grain of sand in a big ocean if he makes this company profitable and the shareholders along with it. Give him a break!
Makamai
You can still profit from Magnum. The stock has a long way to go from here. It's just unfortunate that you chose to listen to the wrong people. Keep in mind, no one bashes a bad stock.
Makamai
MDOR - Record volume breakout on Cohen Independant Research Report predicting a $2.67 price. See Chart below.
http://www.grass-roots-distribution.com/mdor-report.pdf
Hey PP - you actually trying to convince us that you own shares in this scam stock as you call it? Well lets see, no one bashes a stock they are long on, what sense would that make, and it's very difficult to short a BB stock, so what other reason could there possibly be for the "position" you take with this company? Hummm well it doesn't take a rocket scientist to figure that one out now does it.
Makamai
Rylawi - Nothing like getting paid for your raw materials that you need for your production process and then getting paid for the products you produce. They certainly have a bunch of tires to work with and an existing facility to process them. Obviously Magnum will need to add additional machinery at the Colorado plant to create buffings and crumb rubber in the sizes they need for the basically an unlimited number of rubber components using the Magnum/SRI compounds. Also keep in mind how central Colorado is in the US for transporting products and that Colorado Tire Recycling is generating revenue in producing the products they discuss on their website.
GLTA
Makamai
Fsmith, keep in mind that the Colo property that is being purchased, is a revenue generator along with Magog. Check out this website http://coloradotirerecycling.com/home Also, the purchase of the Colo facility greatly increases Magnum's assets since they are just renting the Magog facility at the present time. This greatly improves their balance sheet. I hope you are able to hang in there until you start making money on this stock, since we've both been in there since the MAGR days. I still need the stock to go over $1.50 to begin to make money on my old shares.
GLTA
Makamai
MDOR Chart - Fantastic volume, closed just over 1.5 mil for the day setting a new 52 week volume record. Looks like a lot of investors respect Cohen's Independant Research, and can clearly see the awesome potential MDOR has and have responded accordingly.
Makamai
Fsmith - I hope you were able to sell those shares at a profit. It's always a good investment decision to get back your initial investment on a run and then let your free trading shares keep working for you. This stock will continue to rise and then consolidate for periods of time. As long as the company issues meaningful NRs, there is no end in sight.
GLTY
Makamai
Aloha Dom, Mahalo for your kind words. Keep the faith, Magnum is putting together a awesome company and I'm firmly convinced that WhiteNOC is conservative with his prediction that this will be a $25 stock someday if it isn't bought out first. The naysayers are green with envy right now that they aren't along for the ride. Hang in there as long as you can.
GLTA
Makamai
Stoxrock - what happened to your theory today about that evening star? Keep guessing - or you could find another stock to mess with, you might have more success.
Makamai
Hey Surfguy - There were over 1 mil traded when I first checked this AM - totally awesome. I'll bet there are going to be some more folks on the unemployment lines for failing to drop the stock price through there lies and innuendos. The Cohen report was totally unsolicited and no payment was made. This is a quote from Cohen Website "We look for unique, overlooked, uncovered public and private corporations. The recession has created penny stocks, many of which are now investment securities that require financial analysis of financial reports. We create financial ratios for targeted investment strategies. Our financial model, The Cohen Financial and Valuation Model, powers our financial analysis." http://www.cohenresearch.com/home.php
Makamai
Well Stoxrock, wrong again. If you knew anything about Candlestick patterns, you'd know that a spinning top formed Friday meaning lack of decision in the market.
Yea - well I'll be taking my lack of common sense all the way to the bank. How about you AAO.
There also appears to be buildings and cars on the property as well. I wonder what Magnum will do with all that other stuff?
Makamai
You're funny - that's not even close to an evening star - try again.
Makamai
MDOR Chart - continued accumulation on increasing volume driving the price up. If I was short, I'd be really concerned about now.
Makamai
Nice addition to the top of the IBox Soapy - Now the question is, what's happening with the other targeted market items displayed in the rest of the IBox? Not much if you check out the website.
Makamai
MDOR Chart - symmetrical triangle appears to be forming as a consolidation period within the present upward trend. Accumulation continues with an increase in volume today.
Looks more like it's a symmetrical triangle that's forming as a consolidation period within the present upward trend.
Makamai
Lets hope it's that simple. However I also would think that the stock price would be much higher than that after the R/S - time will tell.
Makamai
OK, well at this point, it's a game of hurry up and wait(lol). And as you said, the main thing is that the float remains about the same, although our shares will be 1/10 as many as before due to the R/S. Hopefully their creditors won't have issues with receiving shares for payment and all of this works out. Time will tell...
Makamai
One last thing, if the company name changes and/or they go through with the reverse split, the stock symbol will change also, so all that has to be documented. And AMEN to more PRs! This could be a win-win for all concerned if they PR this thing a little bit more. Were you able to get BK's rational on why the reverse split or if they were going through with it?
Makamai
MP - I would think that they will have to file an 8K and/or 10Q to document the new company worth. If put out in a NR as well, that could stimulate new buying since there should be a considerable improvement in assets and income. That would be enhanced considerably if the company presents their anticipated income for the remainder of the fiscal year. Your thoughts?
Makamai
MDOR Chart - nice recovery at the end of the day. Got more at $.65 today.
MP - in Feb 2008, the holding period for Rule 144 restricted stock changed from 1 year to 6 months. That's still down stream far enough that with any sort of PR program, the stock should climb from levels it's at presently with its current float.
Makamai