MDFI Great gains today, as you can see from the chart, the stock emerged from trading sideways for a month. Like I said last month, the stock held more than 50% from its previous most recent high. That created a flag-pole, which at some point had to have exploded upwards. Also note that the company financials were never great, yet the rapid impulse last month.
Q3 financials were released today... I wasn't surprised, since I wasn't expecting great results. Remember the point of getting into this stock was because we all want to get in early into a stock that will have lots of attention in the near future. The U.S. gov't can soon make electronic medical records a law, and if that happens, expect MDFI to get gov't and private funding. If I was a millionaire, I'd personally invest in MDFI because I know Obama will re-address the importance of EMRs, and I know for a fact that everything will be digitized... this is only human nature. Most importantly, I believe in their product compared to their competitors. I've done my DD, it's your turn to do yours!
The one's who sell tomorrow because the Q3 was bad... need to wake up and understand that the quarterly financials were to be addressed as a bonus for what's to come. I expect company updates soon to back up their financials, and await hearing from the U.S. gov't concerning this criteria.
Let's see if the MMs can scare some people away tomorrow... The new support is officially 0.0055, and 0.0044, we don't want to see the stock go below 0.0044... The resistance is at 0.007, if we can break that wall, we can fly sky high into the pennies.
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