I think we are seeing a consolidation combined with a flipping lockdown. I cannot see much more downward price action other than some temporary movement followed by a move back up, nor do I sense any signigficant uptick as well. As far as the SP is concerned, I believe we will be closing between the .11 and .15 pre-news. I also doubt if we see any more real serious volume till announcement time as well maybe 10-15M max.
Reason being, is JQ Public may see what has happened and is seeking news in usual locations, Yahoo, Reuters, Market Wires etc, and guess what, they cannot find any, kinda comical actually, since nothing has been released and PR'D, (as our newbies like to call it PumpD). Virtually no one outside of the MDMN network or within shouting range of anyone in the know via word of mouth, and those that kind of kept a slight eye on this stock does not have a clue about what is about to occur. I frankly am amazed at the 100million plus volume in the past 4 days or so has occurred with no news. I mean other than an update from the company on the obscure web site and MP and here, this event is not seen 99.9% of the investing public, let alone any institutional and really big money. I mean no news has caused this.
It appears that most of the clueless penny flippers took their pennies and ran, while most that are in now are recent arrivals waiting for the News. You know they are not going anywhere for a while.
Bottom LIne is, IMO we should see slight uptick maybe a penny or so a day run till news or even a little decline but all in all it won't move much either way. If you are waiting for a repeat of last week, fawget about it, it ain't gonna happen till post time.
If you disagree that's cool, since you nor I know, just figure this is the logical progression based on the unfolding events of the past week and what is yet to come. No TA here, threw em away on this stock a long time ago ( may need to bring em back later) but for now, strictly gut instincts.
But at POST Time, The World will understand the 3 words.
DONE DONE DONE[color=red][/color]
