GREY:MDCGF - Post by User
Post by
Jentaion Jan 15, 2010 12:45pm
192 Views
Post# 16683961
Anonymous=rodent
Anonymous=rodentAs already mentioned by a few of you, anonymous has been dropping shares on the market since late December. Whoever that person is (a broker I suspect... dumping or shorting who do not want to be identified). This “anonymous” is SOLELY responsible for the significant dropped in price in the past two weeks. As I do not see, much support right now, this unfortunate trend is most likely to continue until some news or announcement is coming from Medicago but I do not expect we will fall much below
.50 which is a significant drop from our
.86 high. I know this is rather frustrating for long term investors, especially the ones who bought in the
.70 to
.80 range but, personally, I look at this as a short term opportunity to continue to add to my substantial Medicago holding. It is not in my habit, to average down but in this case, I have been making an exception. I certainly hope, that time will prove me right.