Medical Action Industries (MDCI)

[magnoon]

I am curious about the source of your insider information. If you are talking about the CEO, Paul D. Meringolo, it appears that his last trades were in early '00. Whereas Joseph Meringola, a former employee, recently registered a form 144 proposed sale of 50,000 shares (2/01). There have been no other registered insider sales recently...unless you have a more current source. If so, please clue me in on it.

I don't think that the 50K shares would significantly affect a stock with a float of 7 million, although the average trading volume is relatively low. There was a recent (early April) upside trade on the order of 80K shares that took place at/around $4... this caused a significant jump in the OBV but didn't move the price.

While I agree that insider trading portends the market direction of stocks, unless my data is wrong, I don't think that's what causing MDCI, with apparent financial soundness and agressively growing profits, to remain where it's at.