Alive and Kicking
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We are due for a correction in the market......
5% correction could bring a 20-30% profit
Yeah, but then there's that 10q thingy and the millions and millions and millions paid to IR, Consulting and who knows what else......
Other then leaving this little fact out it was great DD tho...
In for 2k....correction coming......
Way to volatile to jump in.....gonna sit on the sidelines and watch til tomorrow.
Gofor...Thinking the same thing.....but waiting for lower PPS......
Actually Looking at Twitter June Calls right now.....
dead cats do bounce...
Looking for re-entry here...any suggestions
Shares not converting is the $65k question. There is no reason for it except the ol' drag your feet manipulation ploy.......lol
just another red flag.....be careful
This will move up til Friday AM...There is ground to make up....
Should get back to high 8's
IMO
covered my calls just in time......up up up
hedged with a covered call...protected to 7.10...hopefully we don't go lower then that.
If we do I'll cover my calls and hope for a reversal.
I think this is going lower
Exactly...look at prior 10k.
The loss reflected the value of Market Cap....No revs yet 47 Million in losses......
This company wants ALL of your money...
I've been my fair share of R/S in this POS market place and it has never taken this long to clear pre split shares......
When is the best time to dilute? When all pre split shares are locked up that's when......
When is the best time to short? When all the pre split shares are locked up that's when....
If we don't see the reversal soon I will be hedging...
Still cannot sell my shares.....This is not good.....
Been involved with quite a few of the POS penny stocks, who hasn't, and it has never been this long.
look for SEC shutdown....soon
The home brewed theories are incredible on this board.......
Love the daily volatility between JDST and NUGT........
No volume at the open, still cannot trade my pre-splits......
Not a good sign.........
So did I....but it was with Apple and not a penny stock.
Scottrade still has my pre-split as MDCN#.
Can't move tem yet.
How accurate is the Trades chart here at ADVFN
http://ih.advfn.com/stock-market/USOTC/MDCND/trades?trade_set=recent
If this is accurate how did this go up defying supply and demand....
In for 2k at 8.35.....I agree over 9 tomorrow AM.....
That's what yesterdays volume was IMO..
Dilution as no american broker could trade old shares as the settlement had not happened.
Pre-Split Shares will not be Dumpable until tomorrow. So look for a tanking in the AM...
Power_Forward....I agree...suspending is one thing. My example was regarding a hijacking of a company. Brokers sold Shares they know they will never be able to settle. IMO some restitution should have been made.
By the time the SEC steps in, it us usually way to late for the investor. Sort of useless by that time as the criminal activity is long gone
In
Nadia SEC does not care about these stocks.
Look at the BCIT Saga.....
Forged Certs cleared by the Finra/DTC and released into the market.
CEO inquired about why 100's of millions of shares could be changing hands with only 4 million in the Float at the time.
Brokers sold shares they knew where never going to settle until SEC imposed it's 9 day curfew only to have DTC refuse to clear trades after it opened again....
Did the SEC force a buyin........no
They just looked the other and haven't done shit 10 years later.
SEC will not lift it's regulatory finger to clean up Pinks, OTC, greys or any other fish market.
I agree, as soon as people are able selling will ensue and this will drop below .01
Two weeks? How does a company with no revs pay it's bills?
They either do lots of car washes or they sell shares......
Selling shares is way easier......Pump....Dump....Reverse......Print
Very simple business model.....
These pennies all have the same MO....Pump....Dilute and then R/S..
Where all the CAPSTERS now.
You know those BOOM TO DA MOON a$$holes.....
oh off working another boiler room assignment.
Incredible..Why does everyone here choose to ignore this.
Page 31
ZERO Revenues
56 Million in Comprehensive Losses....
WTF more do you need to see........
And they still need to dilute more through convertibles...
Not to mention Failed PR'd Project after PR'd project
This 10K is awful
Sold 1000k shares at 11.05....been going up ever since..
Kept a 1000K but would rather have the 2k total...
Did any one on this board actually read the last 10k......
What makes you think the next one will be any different.
Is Medican was really interested in building shareholder value? You would think the 9 Million for IR in the last filing would have taken care of that. Or the Millions in consulting......
Wrong...people with CAPS LOCK BUTTON stuck are driving this......
Nadia....This has been visited since the filing. It is amazing to me how investors here choose to ignore the numbers.
Your post is dead on and demonstrates the intent here.
If the money in this filing was around then warrants and notes would not be needed. More shares would not be needed. MDCN could be buying skyscrapers......
IR 8.2 Million. Would love to see that explained in and audit.
Fleece Much.....
Any news....knock..knock...knock..Is this thing on?
I think Monday we have a green candle.....Looking at the last 3 Months other then the slide from March 2nd to the 11th we have had Monday green candles.......
With the bollie set up we have now IMO we are green Monday and should see over $ 12 by next Wednesday.
Me as well, sitting in the 13's for 2k.....Have to start flipping to get my Average Price lower........
Good Stuff Drcontang. Thanks
My most successful trade ever was UVXY $15 puts June Exp.
I bought 100 contracts at .01 and sold them 3 weeks before exp for 1.80.
No math there, just a lot's O luck with little investment.....lol
I watch the VIX very closely to look for seasonal patterns......
I will definitely look at the strategy you have posted.
Does anyone here have an account that will let you short OTC stocks?
I have 3 accounts at major brokers and none will accept short orders on stocks that are on Sub Markets like the OTC, pinks, greys or street corner........
From conversations I have had with them shorting these stocks are not allowed with American brokers.
DC just curious....what is your exit strategy?
If you hedge by shorting Bull and Bear at the same time, isn't the total transaction a wash unless you are counting on the 8% decay.
Why not hedge with Cover Calls or Puts and collect the premiums?
Appreciate your input.
TIA