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MELA Sciences, Inc. Message Board

  • dwoods4q dwoods4q Apr 4, 2013 4:16 PM Flag


    Had a few moments and ran some charts on MELA.
    The 20DMA is aprox $1.19 , the RSI is rising , the slow scholastic is rising as well as the MACD. Large block purchases at close. Short position is shrinking, etc. Seems to me we might be near or at the bottom pps wise.

    MELA has hired a PR Co. and is about to embark on a major promotion. Sales are increasing and positive revenue is beginning. The company is financed thru 2014. There is no negative press regarding product, one could say its been almost all positive. There is no competition for the next couple of years. The new health care program favors preventive/preemptive care. The charts seem to favor a breakout if it can gain some traction, a little volume and get over $1.20 ps for a couple of days. IMO the pps could run to $1.35-1. 5 in the next 6 months.
    Even with the need for further financing [next year] the dilution should be minimal as the amount needed aprox. $15 m would get MELA another year or so in which time it should reach profitability as per its proforma and current sales results/projections. A possible sales partnership and or a reverse stock split [ allow some mutual funds to play] would speed the process along. IMO I do not think this quarters results will be as important as the outlook/future projection will be. Present management has not shown an ability to promote the company nor handle its financing well up to this point. Time for them to step up. Its possible we could be at an inflection point. The next few months should be interesting in my opinion.

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1.29+0.04(+3.20%)Dec 26 3:51 PMEST

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