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Biotech / Medical : A Luxury Resort for the ill -- Medical Resorts Intl.TRAC -- Ignore unavailable to you. Want to Upgrade?

To: Luc Beaugrand who wrote (1005)	1/30/1999 8:50:00 AM
From: TOPCAT1	Read Replies (2) \| Respond to of 1126

Technical Analysis and comments on activity... MDRE.... closed at $0.15 on record volume of 4,149,000 shares (last highest volume was 2.7 m on Sept. 29)... it is interesting to review the trading since Jan. 4 when the price moved off the bottom to close at $0.10... Week closing price range Volume (shares) Jan 4-8 ($0.10-$0.135) 6,790,400 Jan 11-15 ($0.105-$0.13) 3,950,600 Jan 18-22 ($0.10-$0.115) 5,079,300 Jan 25-28 ($0.095-$0.11) 4,296,000 --------- total 20,116,300 Jan 29 (Friday) 4,149,000 --------- Grand Total 24,265,300 What is this telling me? My opinion is that someone has been buying a lot of shares... sure there has been unbelievable Market Maker manipulation and quite a few investors have been selling in disgust of the action (moving on to better plays) but clearly there has been a lot of buying otherwise the price would be trading less than $0.05... but that didn't happen... So... is Friday yet another false start? Will the price fall back? My opinion is that the high record volume was due to aggressive buying in front of a combination of two things, 1) news coming and 2) a new and focussed promotion in the US... my understanding from the company is that they have received a list of questions from the US OTCBB for clarification and that the company was working to a schedule to have these completed and to the lawyer by yesterday (Friday, Jan 29), thus, if all goes as planned, there is the potential of the listing being approved in the near future... the company also talked about a major deal in the works at their recent AGM, there are several rumours of this being close to completed... Conclusion: unusually heavy volume on Friday is a strong indication that something significant is coming, exactly what, we will have to wait... but I am still waiting for the US OTCBB listing... let's face it, that is where the action is, just check out any medical stock that trades on the US OTCBB exchange and you will understand why I am patiently waiting, in fact, I bought some more shares when it dipped below $0.10, the technical accumulation that has gone on during the last three months tells me that it is only time before the price will move up... and looks like Friday was the start...