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Bullboard - Stock Discussion Forum Medicago Inc MDCGF

Healthcare Biotechnology

GREY:MDCGF - Post Discussion

Medicago Inc > how low is this going?
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Post by MCA2009 on Feb 06, 2011 10:47pm

how low is this going?

Without starting a debate as to whether it is happening or not. I am wondering from those of you who think this stock is being pushed down how far do you think it is going?  I see support all the way down with strong support in the low 40's.  Anyone think it will go that low? or will it hold at the low 50s?

TIA

MCA
Comment by Indicator on Feb 07, 2011 1:45pm
that's anyone's guess, but it looks like the shorts have it for now.As you have mentioned, there is support in low .50's now and if that doesn't hold, there's strong support in low .40'sIf we have a wait for some weeks for the next news, my *guess* is they drift MDG to about .45 low end then it starts to firm again.  If next news comes faster, it may firm up here ...more  
Comment by MCA2009 on Feb 07, 2011 11:25pm
Thanks for the response.  I am looking to increase my position but I might as well wait until they run it down and load up again.GLMCA
Medicago Inc
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