Medinah Minerals (MDMN)

[Toxic Avenger]

"Im sure many went into their savings or cashed out other stocks to increase their positions."
Let's hope not.

The only way to play these hyped pinkies like MDMN, is to use the knowledge that big money is supporting the price and flip it like it's a pancake.
Look at just the 3 month chart below. 50% in a week, 200% in a couple of months. How can you pass that up?
You want to hold on for the "big one"? Go for it and good luck. I'm thinking the better way to make money is on the "small" percentages, over and over again.
Remember, volume and volatility make MDMN a perfect fun date. But marrying her is likely to end up with her taking half your money, or worse.

As for throwing in money you can't afford to lose? Huge mistake IMHO. Whether you're flipping or holding, the risk of a meltdown is always there and it's a large one. The odds of MDMN running to a billion dollar valuation are almost zero. Not just because almost no OTC stocks run up to those sort of heights, but because the ones that do, do it when the float is tiny relative to the O/S. So the stock nominally gets valued ridiculously high, but the actual value of retail shares remains low in absolute terms. MDMN has been around too long and generated too much speculation for that to be the situation.

GLTA.