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Give it a couple weeks with no news.
Good support between .10 - .15. It's roots.
It sure didn't say at .41 very long!!!!
http://investprofit.blogspot.com/
Watch it go back to it's roots. Pumper's blog site it what made it move. Now, a ton of bag holders....more in the coming days.
Buy on the rumor.....and now their selling..............
Look out below..........................................
AAGH will grind it's way back to .10 to .15, just watch. Most of the people who have a profit will be scare to lose their profit and sell. .25 was the crucial short term support and it's gone.
Last year earnings were anounced in the first week of September: http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_Sept_8/ai_n15373605
Watch out for those pink sheet stocks: http://www.usatoday.com/money/markets/us/2005-11-10-pink-sheet-cover-usat_x.htm
The only way this company will turn around is if Zig is gone and they becomes a reporting company, OTCBB. The reason I put "company" is because almost nobody except novice penny traders take a pink sheet company seriously. As I posted many times: there're no disclosure. Who wants to invest hard earned money in a company where you cannot really tell what is going on. Case in point: MTDX and many others.
Go and tell a experienced trader that you want to "invest" in a pink listed company and see what he tells you.
99% of the people who buy pink sheets, hold for a quick trade and that's all. Buy on the rumor, sell on the news and their out.
If you want to invest, wait until they become fully reporting so you can at the least tell what's really going on. And even OTCBB stocks carry an enormous amount of risk.
Looks like it's breaking down. How many time have you seen penny stock go up 100%++++ only to give back half or more.
I hear the phrase "gap being filled", which seem to happen a lot.
Looks like one of those 50% retracements before it can start back up.
Looks like the stock is running out of steam. Support is at .15.
Looks like the stock is running out of steam.
A 1.5M company. Boy that's small.
It needs to rest, back and fill or it will come crashing down.
Q2 RESULTS Reported Year-Ago Y/Y Chg
Revenues: $1.19M $0.65M +83.08%
EPS: 2c 0c +2c
How many companies do this??: Revenues:
"During the three and six month period ended June 30, 2006, our revenues increased 83% and 21%, respectively, from the comparable period in the previous year as a result of increased sales of advertising contracts. In line with our strategy to keep our overhead as low as possible and simultaneously focus our in-house resources on our media and advertising business in China --............." http://biz.yahoo.com/e/060814/aagh.ob10qsb.html
Key of the 10QSB:
"During the three months ended June 30, 2006, we experienced a net income of $335,578. We expect to continue to experience profit as we have taken steps to further promote our business in China by increasing our sales force with the objective of continuing to increase the rate of selling new contracts for our advertising and media business in China. Because the new sales force expansion will utilize commission-only sales people, and because we have already experienced success with this strategy, we expect this effort to be profitable from the start."
http://biz.yahoo.com/e/060814/aagh.ob10qsb.html
1. It just came off the OTCBB, and hence not many people know about. it
2. Was bid up to over 5.00 very fast, then everybody went to the exit at the same time.
3. Fundamentally nothing has changed except it's the summer doldrums, worst time of the year for the market.
4. Everything (good of bad) will be straightened out at earnings probably the first or second week of September.
5. AUTO.OB is in the same type of business. This industry is very strong as of now as witnessed by strongs revs and earnings by both companies.
6. This is a penny stock (under 5.00). Penny stocks move up and down like a yo yo.
It's fun to daytrade, the only problem is: it's almost impossible to make any real money.
The only way you can really see what is going on with a company is when they file a 10QSB report with the SEC. Without this, you're trusting (gambling on the integrity) in the management. Where does this leave MTDX??
Just remember when a news release comes out like this, think about how the "company" can use "the foward looking statement" to it's advantage, especially when dealing with this company's history.
The pink flippers may try to flip on this news for a nickle, beware when everybody goes for the exit door.
Could you tell me how you get the bird to fly around so I can do it????
I'll bet that if you sued the "company" and won or if the SEC caught them, that they file bankruptcy and you'd get little or nothing.
Go do some research on ISNX.PK. It looks like an inactive shell company. I've never research s company with so little information available, even on their website there're no investor information.
So this may be the merger candidate. I'll bet I know what MTDX shareholders are going to get. A hint: remember that "stock split" they did about a year ago.
If this is a possible merger candidate , this will give a good idea of the real value of MTDX.
Anybody have any idea why the stock is crashing?
Maybe this could (should) be reported to the SEC for possible false and or misleading press releases.
The damage done to the stock is probably permanent. That's why the next big thing will probably be some kind of RS and/or name change or merger where the "stockholders" get little to nothing.
Now credibility is so bad that EVEN IF SOMETHING GOOD REALLY HAPPEN, nobody would beleive it.
At best pink traders (as they do with almost every pink stock) will just flip the stock on the news. That's if they'll even will attempt to do that, now....because of the history associated with this "company".
Junk like MTDX shouldn't be allowed to trade. The securities laws need to be changed. The laws as they are now support scammers.
The pinks sheets market reply to MTDX: stock is close to all time low.
Based on history, does anybody beleive MTDX????
They've been doing that for years plus losing a lot of money.
Most Chinese penny stocks are cold as ice right now.
May be the time to buy if you can hold for a while
Until the next plan is hatched. Probably RS and name change.
From there website: http://profastpitch.com/news/?id=10275
I feel the whole buyout deal was a staged scam. They went through the motions just enought to make it look real (stay out of jail).
It's very easy to use the "forward looking statement" to hide a plethora of "questionable things" for a non reporting "company"
45000 @ .05 today. Getting closer to .00001.
"I have always promised to do whatever possible to enhance shareholder value of our Company's stock," said Zig in one of his PR.
The stock has had a split adjusted price of 50.00 and a low of of .05 according to Scottrade charts. Currently the sell price is .07. Now you know why they say: "Talk is cheap" just like MTDX stock price.
By the way, the except for a few trading blips, the stock has gone straight down from the start.
They issue all the stock to pay for their dream vacation. If things don't work out, oh well shareholders are out of luck. There're so many way a pink sheet compamy can hide things. Mainly they just dilule the stock to no end.
Pink sheet companies don't report to SEC and can pretty much do whatever they want short of open fraud.
I made 4000.00 trading this stock. Trade yes, invest NO! You don't invest in pinks, you trade them, and very carefully or you'll lose tons of money.
Yes, A TON: Share Information
Authorized 500,000,000
Outstanding 245,888,176
144 Restricted 215,384,032
In Float 30,504,144
Updated by CEO on 4/10/06
http://www.stockinformationsystems.com/c/DPBM/investors.html
Just post it on Raging Bull.
You cannot keep a bad "stock" from going down.
The market has the same opinion as you have stated as evidented by the single digit trading of the "stock". Next stop .00001.
Somebody just dropped 75,000 @ .07 12:31:01 EST. Don't be fooled by these small buys at .10 to .13. The real market is under a dime.