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Thursday, June 26, 2014 12:44:11 PM
Based on my research I believe that this company is at a very important point and the potential is there. Again, as I have mentioned, I use charts as my main approach. News is important but charts, to me, are more important. As I have previously mentioned, the 17c-19c area is a major resistance level and if we can get above that congestion on heavy volume then MDMN can be a huge winner for everyone that is long.
I think this is a possibility because of the age of the management(they want out in my opinion), how long the company has been around, and the issuance of the $35 million in Preferred stock tells me there could be something ready to happen that could make this stock move sharply higher. None of this matters unless the stock breaks above .19c very strongly.
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