Medinah Minerals (MDMN)

[Ex Blockman]

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