MDCE ... Where Entertaiment and Education Embrace Message Board

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Microcap & Penny Stocks : MDCE ... Where Entertaiment and Education Embrace

MDCE 0.000300

0.0%

Nov 7 9:30 AM EST

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To: Wizard who wrote (2922)	9/21/1999 8:24:00 PM
From: Stephen Goldfarb	Read Replies (1) of 3046

Wizard: Thank you for posting your further views. Trading the stock as a trading range play makes sense. Even that, regardless of past chart action, may be more risky with a penny stock. The bottom of the range may not be the bottom, and (hopefully) the top may not be the top. It is the less predictable fundamentals that make or ruin the day. The management has changed. That could alter the way the stock trades. We hope new management is more successful in pursuing their goals. The company's fate now is, in some measure, tied to the performance of another company (DFNL). The latter company is predicting significant earnings. New management has folded into the company what I understand to be a successful home theater/home electronics business, though the exact relationship is unclear. So the stock perceived as a trading range stock could become a trending stock. The data is not yet in. Right now we are experiencing a rally. It looks similar to the rally of last November. The latter brought the company to a high of .14. On that basis, the current rally could see .15. Where it moves from there is the question. If this one develops a healthy trend, I assume there are always plenty that trade in a range. In any event, we all hope for profitability regardless of trading style. Steve

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