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  4. Medinah Minerals Inc (MDMN) Message Board

MDMN Daily Chart........... Make no mistake, the M

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Post# of 689
Posted On: 11/04/2012 8:53:46 PM
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Posted By: Big Tuna

MDMN Daily Chart........... Make no mistake, the MDMN chart is ugly butt!




Those that took a few off the table at the last sell signal should now be waiting for the chart to reset for an entry. Many are still holding their core positions within my group


of friends while many others are haven't sold a share and waiting for the funding news and drill program to begin. The problem I see with MDMN, it that when the funding of


the ADL finally happens, I would expect a sharp move to the upside. One can look at the chart below and see the numerous 1-5 days moves to the upside, many of which


were just reactions to rumors and/or small Shareholder Updates. Once the solid news hits, I would hope for a sustained move into the .50-1.00 levels. But for now, most


every indicator is in a decline. My opinion, fwiw, is that sub .10 shares a inexpensive with the point being that when news comes, look out above. So I'm treating this one


as a stock that one should be holding a core for the eventual news. GLTA






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