GREY:MDCGF - Post by User
Post by
NEWHOUSE12on Dec 22, 2009 2:45pm
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Post# 16611546
People who sold yesterday
People who sold yesterdayPeople who sold yesterday sold for a reason. The reason was not that they were not pleased with the news. They sold because they had only been in MDG for a few weeks and were holding until the results were announced. They had hoped to cash out and make a quick profit and some have sold for other reasons, namely to convert to cash for the holidays I think.
What we are seeing today is all the longs and all the big players buying up more cheap shares. After MDG announces the next international contracts ( some of which I'm sure are now done) then the SP will get up to the analysts targets of $1.00 plus with ease and without much resistance from manipulators.
I doubt we will see much in the way of NR's from MDG until 2010. It's only 2weeks away. But, it will be interesting to see the volume of shares traded between now and then and WHO is buying. My gut feeling as evidenced by our move back up to 70 cents today is that we wil see a slow and steady climb back up to 80 cents over the next few weeks. Those that know what is going on with this company will be buying all the way up.
So for those longs who share their knowledge and opinons on this board, just ignore and delete the bashers and pumpers who have just shown up here.
Happy Holidays to you all as well. Ryan