AGM today and starting to tick up.



http://www.mediwatch.com/

Time to get in looks like now folks.

Admittedly Mediwatch have exciting new products in the pipeline, but they also have a full range of equipment which is being sold into a wide range of global markets.

Rumour has it that a large deal has recently been signed with Japan (where they are already selling their products - so that's a fantastic vote of confidence) and this is expected to be announced during this month.

Also to look forward to are the approval from the Chinese/Hong Kong medical authority (SDA), Mediwatch already have two distributors primed for both of those markets with a range of products ready to sell in. This can literally happen at any day now.

And...the big one - the US distribution deal. FDA approval was gained over a year ago and legal wrangles over product naming etc. held things up until the end of 2004. I reckon a couple more months and the US deal will be in the bag.

A lot of ifs overgrowth but worth a dabble.

zscrooge - no "ifs", they're all going to happen - it's just that we don't know exactly when.

Mediwatch have a habit of churning out RNSs within a couple of weeks of each other, keep an eye out for this and you'll ride the bounces well...

That was a big drop for no real reason!Nothing has changed,that i know about,mm's just trying to scare us lol.Small volumes dropping sp and small volumes raising it.Should be interesting then,when or if they get their licences me thinks.

All buys today - could that news be coming soon ?

Nice bounce today from an oversold position. Would like to see some follow thru tomorrow to give some confidence that it is going to hold up around here. Let's hope for some encouraging news soon, otherwise it could drift off again.

Gone quiet today.

Very quiet indeed - only one trade that I can see.

People know that news must be just around the corner and it looks as though all those wishing to buy in early to enjoy the full rise of the big surge have done so.

Does anyone have any knowledge of how long on average it takes to get approval from the Chinese medical authorities ?

We know that MDW have only had a couple of months this year after all the legal holdups were sorted to get the US distribution deal moving again - so this we'll probably hear about last.

Regarding the Japanese deal, it should still be announced this month as far as I'm aware.

With these three great new items out in the open, I wouldn't be at all surprised to see Mediwatch trading at around 30p.

Slightly longer term when everything is falling into place, I know that the board are convinced that the sp will be 1+ as they've remarked on this before.

Nice tree shake the other day to get some stock, IF it happens again I'll make sure I'm ready for some more!!!

I agree andy, always worth getting the best possible price, because when these take off we won't be seeing sub 10p again.

A real long shot - I went to school with an Andy Smith - does Grayson mean anything to you ?

No, don't think I am the same andysmith.

There must be a few of you around - I said it was a long shot lol!

Looks as though the MMs are wanting to accumulate stock L2 4v1 - I think news must be very close!

Help please, what is the significance of the move on the stochastic? try as a may I can't understand this indicator.

optomistic - the stochastic indicator compares where a stock closed at to its price range over a specific period of time. It's an overbought/oversold indicator.

As a general rule stochastics are used to identify turning points - when the red line (%K) crosses over the blue line (%D) so that red is above blue this is a buying signal - the converse is a selling signal.

Because the price has been constant on various days recently, the %K appears to be shooting up abnormally and can be ignored - this will settle back to a normal pattern when MDW is traded more (which is sure to happen when we get the news!).

Thanks overgrowth, that's as good an explanation as I have had, will copy that to file.

Any ideas on todays negative trading?

Punters tend get into this share desparately hoping for news to break immediately after they've bought. Of course, life is not normally so kind so they sell out after a few weeks with a view to returning later. This happens from time to time in newsless periods.

Being National Prostate Cancer Awareness Week - some misguided souls seem to think that Mediwatch should be pulling out all the stops to capitalise on the PR opportunuity - when they saw no evidence of Mediwatch in the news over the past two days they sold out.

Mediwatch obtain most of their contracts through agreements with other suppliers and distributors or through their sales force - not by selling to Joe Public.

If the price drops any further this will provide a nice temporary topping up opporunity.

Lots of news still to come and when it does, MDW's share price will go up like a rocket.

Patience is all that's required to amass a sizeable fortune.

Thanks for your response, overgrowth.

Most people don't want to think about prostate cancer...it has'nt reached the level of acceptability that breast cancer has.Hence,buying into Mediwatch means acknowledging that this cancer IS a serious one that strikes young and old .
There is a certain inherit resistance to acknowledging what MDW are really all about.
This is not a glamour stock.It's not really a tech stock (although it should be).It falls into that region called "medical devices"....machines to measure and survey.
The support of the small shareholders is obvious.There is a good resistance level at 8p.
The sp is waiting for some good news.I hope it comes soon so that early diagnosis of prostate cancer becomes available at affordable prices to men worldwide.
Overgrowth said it all....PATIENCE