Replies to post #49629 on Medinah Minerals (MDMN)

[Rawnoc]

The markets are efficient. There is no such thing as free lunch

I agree there's no such thing as a free lunch -- but the markets aren't even close to efficient. You have to do massive DD to get your lunch paid for (so the lunch isn't free, it takes a lot of work finding gems). But it is extremely inefficient or there wouldn't be buyouts all the time at massive premiums.

My first pick to IHUB was a .04 OTC stock that last traded at $3.33 on the AMEX and has paid around $2.00/share in cash dividends. Market is efficent? lol -- that's around a 13,200% gainer. I was told, ironically, there's no such thing as a free lunch on that one at .04 -- they were profitable then and people were screaming scam. I even got kicked out of a fundamental DD club for bringing that "scam" to them lol.

[Krakatoa_Dean]

doesn't matter what you call it

the outcome is the same: alto never delivers. When you consider how much influence lp has on this play, it's really no wonder they never deliver. He said no more updates, bought 3 weeks, and changed his mind