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Monday, March 29, 2010 12:16:25 PM
I got a call on Saturday from a Medinah investor who had convinced a friend of his to invest in Medinah last week based on the positive update and of course the influx of volume based on that update.
This individual purchased over a million shares back when we were all talking positive talk and having positive thoughts. And then about 3 or 4 days ago out comes the naysayers, the gloom and doomers, and of course the swing traders with their BS and the price goes down.
After that the purchaser called his friend to ask what kind of idiots would get on the internet and bad mouth a stock after the just posted good update and then continue to say bad things about Medinah.
It may not be much but with this stock it doesn't take much to move it.
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