Replies to post #26908 on Medinah Minerals (MDMN)

[mariner78]

Yeah, me too. Only swapping in increments....

"I should do the same thing. But afraid the minute i sell they will announce. LOL!!!"

Yeah, that's a real risk at this point. We all suppose that news could come out literally at any minute.

I'm not doing it in more than 50K lots of M being sold at any one time, and the buy order for C goes in IMMEDIATELY and I don't sell any more until the C buy is filled.

It's like legging into a trade. One of my old friends called doing it that way a "Texas Spread". Interesting way of naming it, especially since he was from London....

Anyway, seems like an easy trade to do with the prices equal. Everyone thinks it should be 2-1. Everyone but the market (the only one whose opinion matters !!!)

Cheers / M78

[arpj1944]

I was just informed that the believed 15% stake that Medinah is believed to receive is higher than origionally suggested. It has taken JJ many years to get the deal that he wanted. He now has it and it will really please the shareholders when they are able to release that news. This will be one of numerous releases that will follow the JVA. Can't wait for all of this good stuff to be disclosed. It should have the shorts screaming for mercy. To bad they won't get none. They are on the wrong side of this trade.