Replies to post #65064 on Medinah Minerals (MDMN)

[Hurricane_Rick]

Are you sure?

Absolutely. I've read enough complaints over the years from both bears and bulls about painting the tape in whatever direction that interferes with their predilection in countless stocks and it hasn't meant a damned thing. The phenomenon has no effect...zilch...nada on the performance of the underlying security.

With MDMN, the stock has been painted up, down and sideways at the whims of whomever...whether it be market makers, honest buyers/sellers, or individual shareholders just having fun. It amounts to nothing as to where MDMN trades today. It is an ephemeral calling card for someone to cry foul for what amounts to an inconsequential (there's that word again) price movement that will have no effect on the next day's trading. I've pointed this out time and time again. Will today's close have any effect whatsoever on tomorrow's trading?...No. Barring any significant market-moving event, the share price will still probably trade in the .076 to .082 range regardless of where or how the stock closed in between those numbers.

When the tape was being painted when the stock was .04 and everyone was complaining, did that have any effect whatsoever on the subsequent run above .10 and/or today's price of .08?...No. I still hear people complaining about tape painting, but they fail to address this plain fact.

[Toxic Avenger]

It's really done to juice the chart. It creates the appearance of a flat or increasing trend when in fact the stock is falling for most of the day.
It's easier to convince naive investors that "the chart is setting up nicely" with the constant painting.