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Sunday, 05/12/2024 3:35:03 PM

Sunday, May 12, 2024 3:35:03 PM

Post# of 18076
There has been a lot of discussion the last couple weeks about the DTC number of shares going up. The reason it is brought up is traders know that it affects momentum. It is always spun as negative, especially if the trader is trying to pick up cheap shares. You have to know the game. If your long the stock and believe in it's future growth it has no bearing, focus on O/S which in this company is going down, -500 million and is used to value a real company. Traders vs. Longs, what is your focus.

I have made it clear I am a long as others on this board. I don't care about the day to day with MDCE, it's more about the direction of the company, the plan and the growth rate. I trade other stocks based on MOMO, so I get it. The real money is made finding the right company and adding shares while it is cheap and you can get size. Two examples of this concept, TMMI .015 to 2.75 in 2000 over 60 days, ENZC, .0005 to .95 over 6 months in 2021. I was in both and a couple others also. I am getting the same sense with MDCE, and a large move is coming, let's see if the CEO is finally ready to show us why he took over this shell. It sure isn't to be a small auction house.

There are others that are traders and focus on when to take a position and trade the momo. We will be seeing more traders coming to the board as the momo starts with news releases hitting. If your a trader take profits and move on to the next opportunity. If your long buy the dips, as it promises to be a great ride IMO.

GLTAL