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Medicago Inc MDCGF



GREY:MDCGF - Post by User

Comment by fairchijon Oct 17, 2010 10:22am
373 Views
Post# 17574408

RE: my long..two bits answer.

RE: my long..two bits answer.

Great post Jentai,

Well thought out. I sold out of most of my position during the spring as well. At one point I owned 1.2 million shares during the height of the pandemic so I took my lumps (but still held a smaller core position around 300k). I bought a lot of shares in June at around .42 and was feeling pretty good when the stock recovered to the .47 range in July. I was feeling really good when I saw the announcement of the $21 million US funding and was looking forward to a nice recovery in the stock price to at least the old highs. Then came that crazy financing! and back down to new 52 week lows. What a slap in the face. However I was quite fortunate in that I still had the ability to buy big and did so. Since I started buying again in June and the heavy buying in Aug/Sept my average is .39. Not my true average since it does not account for the extreme loss I took in the spring (would have been better had it been in a cash account for a tax loss but most was  tax sheltered)
Jentai, I know you are an extremely deep thinker and very involed at the highest levels of academia so I have a great deal of respect for your opinion. I to believe that the technology that MDG owns is world leading and it is justy a matter of time before that translates to the bottom line. I to believe this stock has been highly manipulated but that translates to some powerfull interests who will move this stock higher when they have decided the time is right.

Hopefully as this company transitions into a commercial success we will get a business minded CEO who can take this company to new levels on the global stage.

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