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BOHICA! lolol
Chart seems to be in 100% agreement for weeks. Someone knows.
Correct.....
I'm charting it Rick because many ask me where to attempt the next swing trade. Most all asking me are down heavily, unwilling to sell and move on to others (IO** at .08, AT** in the .20s, RG** in the .50s, etc all double to 12 baggers since Nov.), but looking to stay in MDMN while swinging extra funds to reduce their losses in the positions that they are holding in MDMN. I agree totally with you as far as finding other issues to invest in. NUGT, the gold miners ETF index, has performed brilliantly, moving from $17.40 in January to as high as $123 into May. MDMN will be dead for quite some time. Still, if one is unwilling to invest elsewhere, a move in MDMN from the .012s to .02+ is 80%+ has been good for those swinging 100k-1MM shares. Unfortunately, those swings have been few and far in between, and they are becoming a lot less profitable. Thus my comments, to those seeking a swing, that the indicators aren't ready. No sense, imo, jumping into MDMN at .014 when it can't even rally back to .02. Anyone adding down here might be waiting for a long time for any decent gains. I'll continue to post a chart when someone wants one. In the meantime, a LOT of money being made elsewhere. Hope to see a few of you with me in the future. Yep, not as dumb as I used to be just 2 years ago. GLTA
Ha-ha!..... Just chuckling with the 'continued'.....
Don't mind me. It's beer-thirty and having some fun with the reads!
As to the chart/technicals, MDMN finally closed under the .0145 upper support channel line. Where was Picasso today when you need him? As you can see, the RSI has failed to get back over its 50 line for a few weeks now. The stock can't move above its MA50. It hasn't been able to recapture the MA200. FullSto curling down a bit again, while the MACDs have been flat at best with more room to go towards the downside. We just might be able to see a quick move down under the minor support line at .0135 and maybe some .012s again. Should that occur, I think the indicators will be sufficiently oversold to warrant another swing.
Sorry, I can't wait for the project sub .01s...... Had to add more the last few days and this morning. Thanks again to all the dumbos. The 7k at .34/.3401 this morning are looking pretty good already.
If fools have anymore to sell, bring 'em on. But I won't be waiting for sub .01s despite all the expert advice that we are going there.
Thank you! Began accumulating in the .002s and added to .0088, so far.
Hearing huge things ahead.
Looking very good today. Hoping we can surpass that 1.20 which we saw last week.
I will let you know at 4:00!
I was referring to the next leg up, possibly into Aug/Sept. Heck, $10 into the end of the year would be fine be me too.
I tend to use charts and technicals over fundamentals on the OTC. Let the charts do the talking. The IORG website has been updated somewhat over the last month. Looks like good things are pending.
Good Morning Georgie
On the Weekly, you might also notice the move from .041 in October to the highs of March to .98. That was a 24 bagger. The chart and technicals became overbought during that move. Once the technicals reset and the stock dropping to an intraday low of .22 on May 23. Using a measured move, similar to that first leg, could it suggest the potential of $5.28 on this second leg? I guess we'll see how things develop.
Good Morning Mr BigB
Possibly. But for me, the MDMN technicals aren't oversold enough for another entry. Since I'm really not a heavy believer of MDMN as a solid investment, which you have to admit has been a bad investment for 20 years, unless on has swing traded MDMN (very much unlike my IO** stock which was at .08 and now $1.08, and AT** from .17 to .70), I have only swing traded MDMN from very oversold technical conditions but only over the last two years. Hah! I'm not as dumb of an investor as I used to be, just over two years ago.
Anyway, here's a chart which really doesn't excite me as far as another attempt at a swing trade, yet. The FullSto and MACDs did get into slightly oversold levels but not what I would consider deeply oversold as in previous entries. That said, the upper level of the .012-.0145 support channel has been holding over the last three weeks with the exception of a few intraday moves down to .014. Some verifiable fundamental news would probably be enough to bring in new buying and take the stock upwards into the .02s after breaking through the .018 top of May. But barring any solid fundamental developments, I just don't see the technicals at the moment. But as you all know, real fundamentals will always trump technicals.
I own them both. My own opinion? You do not want to take profits out of IORG to move into ROGI. Sell other garbage and hold your IORG and ROGI. Just an opinion from someone who owns both from as low as .08 and .10
A friend of mine just cleaned out another 11.1k at 1.04, 1.05 and 1.07. More fliptards be gone.
A nice day to accumulate some .60s after yesterday's wake up call with a pop from .50 to 1.20 on just 37.1k volume. Old shareholders seeing that and thinking 'Holy chit! I can get out of this dog now!' lol
Slow and steady. No run needed just to assist the fliptards out of their positions. They'll get bored if they don't see a move in a few hours, and they'll move on. Some already did this morning.
Working on it. A friend just bought 6,665 off their fliptard hands. Those 'savvy' investors are being absorbed with every little fliptard sell. And all those that sold in the .20s, .30s, .40s, .50s, .60s, .70s, and .80s aren't able to re-enter for their 15-20% 'savvy' flips, while those that held those same entries are way ahead of any fliptard.
Already there. Maybe $10 dollar land over time. Patience, as is the case with sister company IORG. Been in that one since .08, now 1.08. ATOC since .15, not 1.13
Excellent! Glad you are holding.
Yes sir. And the so called savvy investors are flipping for 20% now and then, lol.
Yes Sir, Mr Doog
And you know what? IORG hasn't even started yet imo.
YW Hossie!
All those 'savvy' fliptards doing 20% are being left behind. Dumb money, not smart, both in foresight and hindsight.
They have been left behind. Very little fliptards hitting bids today. Adios dumb money!
But at least they all made some good beer and Big Mac money.
Thank you. We're both in ATOC for a while now! We'll do well.
Sister IORG has approx 15.5MM and a float of less than 5.85MM. Not bad either. From .08 to 1.05 so far.
Of course you can. But in the meantime, we have more fliptards at 1.00 to take out.
Yes Sir.... Took awhile, but ATOC is waking up. Would have liked more .20s, .30s and .40s, but she's a hard one to accumulate with this SS
Don't fall for that BS Drane! The savvy investors are holding positions well over 100k-300k and aren't selling. Watch and learn.
You're welcome!
Yes, I just explained it to you.
It's not hiding. The order is with CDEL at 1.05. Right now CDEL is at 1.04. With L2, you only get the inside bid and ask from each MM. L3 would show all. But we can't own L3
I wouldn't worry about the seller at 1.05. Been there for months. Real investors will absorb it shortly. Fliptards and penny ass clowns are being left behind, as you saw with all the selling of dumb money in the .20s, .30s, and .40s and up.
Doesn't matter what you consider ignorant. Selling in the .20s and .30s was dumb money, not smart
It's at 1.05.... You can't see it because it's with CDEL
The stock will now gradually transition from the penny flippers into the institutional type investors, who have a long term mindset. Dumb money has been selling since .25. Real investors, not gamblers, are still adding.
Someone bidding for 20,000 SNST at .61..... Must be another one, like me, who isn't going to wait for the bullshit stated "going to under a penny'..... Shit, I can't even get anymore under .40. Sucks, right? Oh well, a big thank you for those that helped bring the stock down under .40 so the more intelligent investors could add another 100k+ to their positions. Awesome job!!
The remaining fliptards will now get to work. They weren't as stupid as some who sold from as low as .25, but they are being weeded out with every day that passes.
Attention all Fliptards!..... We need more SHARS!!