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Microcap & Penny Stocks : MDI Entertainment (MDIH)

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To: MDIH-Fan who wrote (385)5/3/1999 9:54:00 PM
From: MDIH-Fan  Read Replies (1) of 563
 
MDIH had a good trading day today. Most of the volume was over $1.00. It looks like the seller is almost gone! However, do not be surprised if he comes back to finish his load.

I looked at a volume chart today and noticed the volume has picked up. The 10 week volume was 1.7 million. It doesn't mean much considering the double counting. I still feel like its a good sign!

My experience tells me that volume precedes movement. I expect to see the stock test the $1.75 level very soon. I also believe we can get there without any type of news. Should some news happen then were talking $2.00.

Stay long and accumulate your running out of time at this level.
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