SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.0000010000.0%Jun 3 1:07 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David Colvin who wrote (7370)12/1/1998 7:27:00 PM
From: on parole  Read Replies (3) of 25548
 
David, so this was a penny stock in which this short squeeze occurred? This is a MMs business. Why would anyone stay short knowing there is this drive to register certs, results from drilling, the lawsuit, etc? Do you not think with all the money one would stand to lose these people would keep up with what's going on? There have been plenty of opportunities to cover with the stock at these depressed levels. The investment community as a whole could care less about this tiny company as well as the SEC. What will move the price up is news and news alone. When that occurs there will be profit taking and the MMs will sell everyone all they want and keep moving the bid up with a large spread. The ones who bought on the tail end will be underwater almost immediately. Many of them will panic as more news will not come out everyday and the price will drift down again until there is more news. Unless there is some sensational gold find that makes national headlines there will not be enough interest to sustain the buying necessary for a short squeeze. Investing isn't a team sport and plenty who own at lower levels will sell. I am disappointed that the time and resources of the company are being devoted to such an absurd pursuit, it makes me question this investment and the quality of management. They should devote their energy to obtaining financing and getting gold out of the ground. And yes there is a downside to registering the certs, you can't trade your stock.

Realist
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News