MDMN Daily Chart ~ Reversal Finally Here? By pop
Post# of 2559
Posted On: 01/12/2014 8:15:57 PM
MDMN Daily Chart ~ Reversal Finally Here?
By popular request of no less than ten friends invested in MDMN, here's your chart. As I mentioned on Jan 1, you might look for a test of the .0385 to .044 level. MDMN fell to .042 last week and bounced back to the MA200. Technically, the stock is just about ready as you can see with the FullSto and MACDs. Will we finally see a mining deal after all the years of waiting? I sure hope so for all my friends in the stock. I don't hold any MDMN other than the ridiculous 10% restricted stock dividend issued almost two years ago. While many jumped to their feet at that AGM upon that news, I turned to a friend and mentioned that we were just diluted by 10% with a 'dividend'. People, a stock dividend on a penny stock is really nothing more than dilution to placate those who have no idea how worthless a stock dividend is on a penny stock. That divvy was declared when the stock was trading at .17. You tell me if that was a good thing. Anyway, this little piggie just might be ready for a move back up a bit. Immediately ahead is the MA200, 7, 10, 16, 20, 50 and 200. Barring news, it's going to be a tough ride to get back to .06. For all my friends in MDMN, I'll keep my fingers, toes, legs, arms, eyes, and anything else I can cross, crossed! GLTA
By popular request of no less than ten friends invested in MDMN, here's your chart. As I mentioned on Jan 1, you might look for a test of the .0385 to .044 level. MDMN fell to .042 last week and bounced back to the MA200. Technically, the stock is just about ready as you can see with the FullSto and MACDs. Will we finally see a mining deal after all the years of waiting? I sure hope so for all my friends in the stock. I don't hold any MDMN other than the ridiculous 10% restricted stock dividend issued almost two years ago. While many jumped to their feet at that AGM upon that news, I turned to a friend and mentioned that we were just diluted by 10% with a 'dividend'. People, a stock dividend on a penny stock is really nothing more than dilution to placate those who have no idea how worthless a stock dividend is on a penny stock. That divvy was declared when the stock was trading at .17. You tell me if that was a good thing. Anyway, this little piggie just might be ready for a move back up a bit. Immediately ahead is the MA200, 7, 10, 16, 20, 50 and 200. Barring news, it's going to be a tough ride to get back to .06. For all my friends in MDMN, I'll keep my fingers, toes, legs, arms, eyes, and anything else I can cross, crossed! GLTA
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