GREY:MDCGF - Post by User
Post by
Jentaion Jan 07, 2011 9:20am
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Post# 17937740
this morning reading of MDG
this morning reading of MDG
My reading of the situation this early Friday morning. We should open around
.56 and we will go down rapidly to
.54...and we may continue to go down as we are really weak on the bids and stronger on the asks (more sellers than buyers) at this point. The TSX might go down this morning as commodities on the opening are weaker for the 4th day in the row and a lower tsx have a tendency to affect all Canadian-based companies on the exchange. It might be the right time for Medicago to issue a “second” progress report to support the stock but I doubt very much they will be doing it. We might be in a “shake the tree period” a strategy commonly use to shake weak hands and force them to sell before a rebound.