despite the price target update being 500% higher than the current price, i listened to my detractors and sold out at .87 today.
i might go short, like they did, hoping for bankruptcy. but currently, i'm out (both ways)
and they made a significant profit on the sale. HOW DARE THEY when shortsellers like yourself want them to go bankrupt.
the unmitigated gall of Goodrich to make a profit, and get a $100 million cash infusion.
how dare they prolong the inevitable. must be such bad news to a short seller, such as yourself. why did they have to go and make you wait. why not just go bankrupt already so you can make your money and move on to another stock to short.
HOW DARE THEY!!!
dude, i bought at $1.02 (if you bothered to read my posts).
and what changed since friday to cause this to hit a new low? A $50-60 million profit on a sale of assets? me thinks it's red today cuz the overall market is getting slammed.
as i said (if you bothered to read my posts), check with me in 3 months.
the likelihood of bankruptcy went down with this news
dude, they just MADE $50 million on the sale of the asset. pretty sure that goes into the "cashflow" department. i suggest you cover your short
The made a PROFIT on the sale of almost EQUAL to the market cap.
they just sold LESS THAN 50% of Eagle Ford assets for over $100 million, and the market cap is only $54 million.
looks pretty good to me.
watch the options catch fire in the next couple days (that's the short sellers way to cover without spiking the price)
umm, 60 milllion market cap and they just sold less than half their assets in eagle ford for over 100 million dollars. you do the math.
so even if it just goes to it's true 52 week low (before the short sellers sent it under $1), it's still a 100% gain from here.
expect this post to be deleted (it will be reported by the short sellers).
sure GDP might still go down on the two bit analyst downgrade, but that's A LOT of short shares that have to be covered cuz my bet is some big boys want in at this level.
i haven't owned this since the early spring selloff, but i jumped back in today at 1.02
that's why i bought today at 1.02. no way this should be a penny stock.
i only bought 5,000 shares. i figure if oil returns to $100 per barrell, i just got $100,000 when GDP returns to $20.
if it goes bankrupt, i only lost $5,000. good risk/reward.
check with me in 3 months
kinda like they "expected to close on the Arizona property soon". which got delayed. then delayed. then delayed again. then the plans were scrapped..
but don't worry. THIS time, it's for real. they'll close on the building purchase "soon"
i told you what would happen on monday, and i got it EXACTLY right.
now if you're gonna call me names when i post a prediction, and tell me how wrong I'm gonna be, at LEAST have the good sportsmanship to admit when i'm right.
btw - nothing but more red today.
ummmm, okay. so you're saying that an additional ONE BILLION shares will cause the price to increase?
and by over 25?! that's laughable dude. it NEVER goes green monday OR tuesday it will start red and stay there
keep dreaming pal
first off, let me say that i sold today, before the pop. so i lost 5% today, so i was regretting that, UNTIL i saw the press release.
so let's assume the 8k was written correctly (always a big IF in pennyland). they say the A/S are now 2,002,000000.
At .0037, that makes the market cap $7,400,000. Considering that this company had $16,000 in revenue and a whoppin $3,000 in cash as of it's last filing, i think it's safe to say that you should GTFO. with the emphasis on the F.
run and never look back. i too was optimistic on this company for a while. I thought the Jimmy Fallon shout out would get people interested, but given the enormous volume the past few days, you KNEW something was going on.
And now we know. Gotta love how some people "know" the news earlier than everyone else. That used to be called "insider trading". Now it's called "welcome to pennyland".
Last one to sell on Monday, turn the lights off on the way out.
my prediction: 20% gap down on open, and nothing but red from there. closes 48%-50% red. and more of the same on Tuesday.
Attack me if you want, but be sure to thank me, when it turns out I'm right (again). if you read the message board, i saved people from a 92% loss the last time they diluted. and was called all sorts of names. but nobody bothered to thank me when it turned out i was right.
so do me a favor and thank me with a thumbs up on Monday.
they didn't say "we give up", they said "here's 10 BILLION more shares for sale, please give us money so we can continue making payments on our yacht"
dude, your name is "investnotinascam" and you expect us to believe that you "invested" in MDCN?
you say yourself "invest not in a scam", then you #$%$ about "investing in the scam that is MDCN"? suspicious
I'll "accumulate" shares if they give them to me.
john.shutzer - why would you put a few hundred dollars into this? take your money to a strip club instead. you'll get "screwed" either way, but at least you'll have FUN getting "screwed" at the strip club