RE:RE:RE:RE:RE:All good news..... Mdx needs to start figuring out the best and most efficient and cost effective way to advertise their services (siascopy) to local markets that have siascopy available. It looks like Ontario siascopy locations are growing which is fantastic to see.
While investors are now seeing this take shape, we need to see that Mdx mgmt has a plan to advertise and promote Siascopy to customers to drive up revenues. That's what I am looking for now (and I think Hopeful has similar questions). So, not sure what the marketing plan is? Getting walk in traffic at clinic locations is good, but shouldnt be the main driver of customer demand, I hope. How will the word get out on the street about this wonderful product?
Bogeyfree - why are investors selling now? Good question.
Possible Answers:
1) overall concern in the markets, investors moving more to cash, taking risk off the table
2) investors moving more to large, cash flow positive type stocks. Mdx is a micro cap, high risk stock
3) investors moving more into inflation hedges like gold and silver
4) as for Mdx, all the recent pilots are good news: Turkey, Italy, UAE. Plus we are growing in Canada. USA and UK will hopefully follow soon. Brazil and Mexico? (Would be a bonus). It will take a while for these pilots to become commercialized (if at all), so some investors will see this as a longer term possible outcome so why park your money here now. We could still be at 8.5 cents a year from now? If that's their conclusion, they are better off investing elsewhere so some sell. Those that think Mdx has slowly turned the corner are buying.
For small cap/ micro cap stocks such as Mdx, my approach is to buy and trade contingent on events and news with the company, with the sector, and with markets in general. I try to limit overweight positions but when they become overweight I look for opportunities to reduce my holdings/risk even at a smaller profit or break even point. Just my two cents.
I watched a recent Rick Rule video where he talked about the difference between the thinking of an 'investor' and 'speculator'. I'll post it if I can find it.