Medinah Minerals (MDMN)

[Hurricane_Rick]

I don't "flip" in the connotation you are using.

In general, I trade around a core position. I advocate that everyone do that for all of their stocks to lock in profits on occasion or to lower their cost basis. However, there is no one-size-fits-all investment style.

With MDMN I prefer longer term swing trading using the daily and weekly chart on significant moves and paying attention to overbought and oversold indicators. As I've annotated in older posts, MDMN's weekly chart has been astonishingly predictive and useful for those with a long term outlook in this stock. Nowadays I usually only sell when I need the money for other purposes. I replenish those shares when a buying opportunity presents itself.

I disagree on your contention that many are bagholders here. As in any investment, shareholders come and go like the tide. Some win, some lose. The long term shareholders that have been around for years and have done their due diligence have significantly averaged down as they had years to buy hundreds of thousands if not millions of shares under .02 and under .01. It wasn't always easy to make those purchases, but they rightfully deserve to reap those rewards.

Some that bought at .15+ in recent years have probably sold and moved on or are disgruntled and have misdirected vengeance. Others sharpened their pencils and averaged down. My first buys were in the .02 - .03 range 6 or 7 years ago. I had a cost average of .024 for quite some time. When the stock traded in the .012 - .017 range, one might have considered me a "bagholder" at that time, though I never felt that way because I had the confidence in my due diligence and investment. As such, I bought as low as .0085 during my blissful period of bagholding. And I am reaping the rewards of that patience now. Today is no different than back then, although the stock price is higher and the company is much more closer to monetizing ADL than it was back then. "Bagholders" of the .15-.19 range have had plenty of opportunity to average down. Time will tell whether their course of action was right or wrong.