Replies to post #1660 on MediPharm Labs Corp (MEDIF)

[Hippd]

Of course. 2.75 - 2.80 range is 50% off the highs which is an extremely normal haircut for companies that have been doing finance deals. It also happens to be the old highs with massive support, which will form the new lows. New lows are the old highs. It is extremely basic stuff and looks very possible and/or probable. Throw in the time of the year(Summer) and the fact it has ran 550% within 6 months and there is another massive signal.

Now lets do a little fibonnaci. It ran from 1 dollar(make ya hollar) to 5.50. That's 4.50 in gains. Now let's half that(50%). That's 2.25. Now take that 2.25 off of 5.50 and we have a 3.25 share price on a 50% fibonacci retracement. So a .618% retracement would bring it right around 3 bucks. So............I see a 2.75 - 3.00 possible entry point within 2 months. I only buy stock on sale. Thank, thank you. I'll be here all week.