GREY:MDCGF - Post by User
Comment by
wizwizon Nov 12, 2010 6:23pm
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Post# 17700943
RE: RE: Medicago Price Chart Analyzed
RE: RE: Medicago Price Chart AnalyzedMy call is the .35/.36 bottom holds again and MDG resumes upward trendsoon. Entering Phase 2 could take us into .50 territory as thespeculation mounts.
Indicator,
Medicago has already started the Phase II trials, and the stock price barely moved. The Phase II results should be available in 3 months, probably by the end of Feb 2011 or early March. I expect the low will be between 30 and 34 cents.
With all of the potentially good news a few months away, I am still surprised we haven't reach 50 cents by now. I guess the naysayers don't think Canada can produce a technical medical breakthrough. We will find out in 3 months. They will have revenues coming in next year from their DARPA funded facility and if Phase II is successful, more plants will be built. So for now all we can do is sit on our hands and wait.
Wiz