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If you look back in history and watch the trading trends, you will see that this stock has always had a roller-coaster tendency. Even with poor management, there is a play to be made here. I am not sure that management is as bad as some portray. They have always seemed to pull some rabbits out of their hats. If this were a "blue-chip" then it would be different, and everyone should run for the hills. However, this is a BB stock and this sort of news is to be expected. This is the nature of the animal we are dealing with. Do you DD on the stock trading trends and you will see what I mean. I have made a few pennies trading MDCE and others, just watching the trading trends, and playing the roller coaster. I am not betting on a home-run as some do (company fully reporting, profitable, and going to the $5.00 range), I am quite happy playing the 25-50% trends, and then doing it all again later. There is enough substance with MDCE that the trends will continue, and there should be an upwards movement soon, then profit taking will trounce on it for awhile, then it will continue all over again. Maybe the company will get their act together, but I am not betting on that completely. We could see $.15 before the next downward trend. Again, just my $.02 worth. |
