Post by
rankininlet on Feb 20, 2021 3:49pm
Stock Price guess is a big challenge
Its a war between bulls and bears. MEDV cannot seem to hold stock price moves as pointed out by maiden. MEDV new promo campaign will certainly draw more investor eyes, but, will it also draw more shorties as well? I have watched this stock daily since Xmas and what I see is tremendously long periods of "no MEDV buyers" each day. These multiple daily "no buyers" intervals seem to play into the shorty playbook as it doesn't take alot of shares sold to generate a biggish price slide. Until a critical mass of buyers shows up and sticks around, one has to think we are in for more of the same going forward which is alot of selling pressure after meaningful price gains. What will trigger a meaniful increase in MEDV buying is likely along the lines of business gains, both volume and product diversity. Volume gains is continued roll-out of new Collection Sites and product diversity is meaniful clarity on future revenue/profit that will be derived from other, non-covid business lines such as telehealth. I have to think the stock price bumps along between .40 and .55 for the next month or more. I hope I wrong and we exceed .55. I hope we do not spend anymore time under .40. My opinion.