Medinah Minerals (MDMN)

[Starman365]

As someone who has only been around MDMN for the past 4 months and seeing the way this stock has traded in anticipation of certain news events I find this under-reaction very telling and not in a positive way. There have been several times in the past 4 months where I have made nice returns with this stock and there have been large 'volume moves' prior to news and then a selloff on the news. This time seems different. The stock was down 4.28% on Friday before the news came out and no premarket trading this morning with news like this seems negative.

Regardless of what some of you say, anyone who invests in stocks does it for profits, not for love of the company or the story.

MDMN's chart pattern looks good but when new like this comes out and the reaction is so underwhelming, it tells me that there are other things going on. Positive or negative I do not know.

If the chart patten stays positive then maybe there is a chance it will move to the upper end of its near term trading range. I have to say that I am surprised that this stock is not up quite a bit on this news and breaking out of its trading range, especially after reading all of the other poster's comments as to how long you all have been waiting for news like this.

I do still this it is odd that they did not wait for a Monday morning release during trading hours.