MDMN - 2016-02-08 Weekly Discussion

Then who do you think bought today

Well he’s now 21 million shares lighter

I feel very confident that the buying entity monitors MP so perhaps they will give us all a shout out to say hi!:smile:

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Thanks Mike! So what’s your take for tomorrow do you think it continues?

Been awhile…

It should but of course will become painfully obvious very quickly if it doesn’t.

Keep the folks of Chile in your thoughts.

They just had a 6.3 earthquake 200 miles north of Santiago.

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What I miss??

Nothing George just somebody who wanted to dump $430000 into this stock😳

The blatant selling into the bid is keeping this stock down. I’m sick of it. Who is selling? We don’t really know. Claro-maybe? MDMN was 28 on the most posted stock on IHUB. To help increase the buying, we need to start increasing the number of posts on MDMN on IHUB. to gain more visibility.

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We shall see if the seller is wiped out if that 600000 is wacked @.021 tomorrow. This reminds me of when the buying by Auryn happend 2 years ago when Letts was named to board. They sat on the BID and they were getting shares. Maybe it’s Auyrn again. 430000 is a lot of coin to throw here in 1 day. You also have to remember to look at Wizards earlier post and look at the Auryn headers. They are realeasing news so public info is going out which is allowing them to enter market. This is all my opinion

Mike Gold thinks it’s someone not Auryn. Will see tomorrow if this continues

GLTA

Who do we know who has this many shares? Very short list. Were we given a reason why Auryn was unable to acquire the rest of JJ/Claro’s shares? My guess is it’s Claro or the broker who is associated with his shares being used to suppress the SP. I could be entirely wrong, but my simple mind sees it as the simplest explanation.

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I do tent to agree but why put a 62 mill buy order in at .016 first thing this morning, I think it sat there all day hidden by another .0171 order could be wrong. It certainly didn’t push the sp up nor was the order changed to at least try and move the sp higher. Tomorrow will tell a lot if the high volume selling/buying continues.

The only reason it went up today is because after a looooooong break, I put in a bid at 0.015 yesterday morning.

You’re welcome.

Can someone explain why there was 390000 on the bid at .02 for most of the day and bids were going off at .02 and that 390000 did not move just stayed there. Is it because they were bigger buys?

Maybe a percent is still due to shorting?

I’m expecting more significant news in about one week.

Because all the info you see on an L II window is not all the orders there are. There is a thing called L III which only professionals have access to. Don’t remember if that is applicable to pinkies but probably. It is very wise and reasonable to assume that being a retail investor in the US financial markets, and probably the world markets, means that you are at a great disadvantage if you want to go it alone as opposed to opting to pay for the services of market professionals who tend to be much more complex and creative in how they lose your money. :wink:

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I very much expect so.

1.9 million already in volume this morning

Gold bulls set sights on junior miners
optionMONSTER By optionMONSTER Staff (media-support-team@optionmonster.com)
1 hour ago
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Traders are looking for the recent rebound in gold to continue lifting the Market Vectors Junior Gold Miners Fund.

optionMONSTER’s Heat Seeker monitoring program shows that 2,000 May 30 calls were purchased for $0.45 at the same time yesterday. Volume surpassed open interest of 747 contracts, an indication new money was put to work.

This follows repeated call buying recently in the Market Vectors Gold Miners Fund and the levered Direxion Daily Gold Miners Bull 3x Shares Fund .

Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Coaching section)

GDXJ fell 0.13 percent to $22.69 yesterday but is up 16 percent in the last three months. Overall option volume was about average in the exchange-traded fund.