AGM today and starting to tick up.



http://www.mediwatch.com/

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

Patience is all we need and patients are who will benefit from this technology.
I myself have been investigated for possible prostate issues (fortunately no problem). A high percentage of males will need to be tested as they get older, we all get old and have relatives that get old and all probably know someone who has had prostate cancer. Early diagnosis is the key to survival, all people that I know with it have survived or did survive for a long-time, the problems arise if it goes undetected and spreads. I'm sticking with MDW and for sure, it the opportunity presents itself to buy again at less than 8p, I will be in again. Bullish predictions here but the market is massive, just need the deals.

The market fell horribly today,but I think that the 8p resistance will hold.Keep the faith.This is a GOOD company.

Topped up with 50k at 8.35p,dont think we will get them cheaper than that.

Good move John, it's pushing it to hang on for sub 8p again as some people are.

Roll on some news....

....and a massive increase in price of course lol!

Down below 8p on no volume. Looks like market makers aiming to either attract some buying or even encourage selling by dropping thru support. The chart is beginning to look pretty sad. Lets hope for some good news soon as without news the price will continue to drift

Should have waited.

Hindsight's a wonderful thing - though the massive consolation is that when we get the news flow coming through, Mediwatch will be soaring so high that a few pennies on the share price here and there will be insignificant.

The board have previously said that when all their plans come to fruition that we should expect a share price of 1+.

Mediwatch will be more than a 10 bagger, there are 3 major news items which we know are going to appear (we just don't know when) and each one will bump up the share price by a significant amount. Previously after FDA approval in the US the sp was taken to above 14p in anticipation of an "imminent" distribution deal announcement. As we know now this has been held up for over a year, legal issues were done and dusted by the end of 2004, so we must be getting very close to an announcement by now.

I believe the news will come in this order (all will happen in 2005 and could be next week for all we know):

Major Japanese contract (could well be announced during this month).

SDA Approval to sell into China and Hong Kong (oddly enough the distribution deal has already been sorted for this several months ago - I assume that Mediwatch haven't got the hang of the bribing system in China yet lol!).

US Distribution Deal - Mediwatch themselves have said that this will be a massive deal for such a small company as theirs and is sure to have a very significant effect on the share price.