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Bullboard - Stock Discussion Forum Medicago Inc MDCGF

GREY:MDCGF - Post Discussion

Medicago Inc > tough to understand
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Post by cdcarss on Dec 16, 2009 10:08am

tough to understand

what i am having a tough time realizing is why the share price is dropping like this before the release of results.  we are now trading at below the pp level.  people also seem to forget that management had been buying on the open market a few weeks ago, which was probably near the last date they could purchase shares before a pending news release.  i sure hope that there is manipulation occuring to try and buy in at a lower level before results and that nothing has been leaked.  i'm not sure who would have access to that information though, especially seeing as how some of the selling has been from the brokers at cannacord who have been dumping shares at market.  

anybody have thoughts on what we are seeing here?  guess i will just have to wait til next week to see if this gamble pays off, but would be nice to hear from others.

cheers.
Comment by fairchij on Dec 16, 2009 10:23am
I think a couple of things have happened. The second wave of swine flu in North America has peaked and we are no longer seeing it in the news every night. Next the announcement that PMI did not exercise their option although good news long term left a little uncertainty and that is all the market needs right now to get spooked.All of the flu companies have come off significantly and we ...more  
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