GREY:MDCGF - Post by User
Comment by
gonecodeon Sep 02, 2009 11:12am
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Post# 16270758
RE: RE: RE: RE: How many countries will they make
RE: RE: RE: RE: How many countries will they makeThe question is "why is the stock price lingering at the mid .60?" My thoughts are this stock has had a significant move up in a very short period of time. Many technical types will want it to go sideways for a period before continuing the next leg up. Also a lot new shares have entered the market from the exercise of the warrants that came due Aug 31.
In my opinion the signifigance of the news that has been released over the last weeks will overcome the above resistance very quickly with the increased volume.
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On thing I have learnt over the years is that there is always a reason WHY!!!!!!!!!
MY guess is that something to do with the recent Financing and possible accumulation by someone.
There is no valid reason why the price is being played in this range with the news and Value this company has going forward.....
Just when you think WOW!!!! what's going on then look for the stock to go.......They cannot hold it down forever....
Just what I see....
Good Luck ..