Anybody follow this one ?

Overgrowth - I read that post too and posted it on GF's thread - do you know enough about MDW and enough about calculating the sums in this to know if the above is accurate or just one person's very optimistic view?

Very strong looking TA.


Positive Candidate (Medium term) - Feb 11, 2004
Has risen 555% since the bottom on 5 Jan 2004 at 2.25. An approximate horizontal trend is broken up. A continued strong development is indicated, and the stock now meets support on possible reactions down towards the trend lines. RSI is overbought. The stock can still rise further, and we should see a decreasing RSI before this is used as a negative signal. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. The stock has support at p 3.50. High risk with an average difference between the lowest and the highest price of the month of 46%.


cheers Gf.

it seemed more seller rather than buyer now. can you confirmed.

No problems I added again on the weakness this afternoon, and see these making me a very decent return.

cheers Gf.

I agree with GF, I formerly had a stake in PRO, however they are still waiting for FDA approval with their product and there are mixed messages about distributor arrangements and competition and a host of other worries.

In contrast, MDW have the approval and distribution deals have been set up all over the globe - only the US to go and the news will be imminent.

I'm still mulling over the fundamentals in the view I posted earlier, though couldn't resist today's dip as the perfect opportunity to buy in at a decent price.

It's suspected that the MMs dropped the price a bit too low today and attracted more buyers than they expected in their tree shake - so a high mark up is predicted tomorrow. Not that I'm particularly fussed about the short term antics of this one - I've bought in for serious profits and am prepared to wait for them.

OG

Agree with you overgrowth and have just topped up again, not many but money from some divis. See this as a great 2004 growth story.

cheers GF.

Talk on another site that the distribution deal maybe out monday or tuesday.

Im hoping so.

cheers GF.

Freed some funds up and added even more.

cheers Gf.

Sounds like an interesting week coming up!

Interesting e-mail lifted from another board..........

"Thank you for recent email.
I am sure you will appreciate we are unable to be specific as to when the anticipated agreement for the distribution of the Company's bladder scanner will be concluded. You are aware of what was stated in the announcement of the Interim Results and, unfortunately, we cannot be more forthcoming at this stage. Suffice to say, the discussions are ongoing and we hope to be able to announce something in the near future."

cheers GF.

For those that didn't see it - SHARES magazine, from one week ago covered the full story, director buying and FDA approval and talked about the crucial US distribution deal - adding that "We believe an announcement is imminent" - those were the exact words used.


cheers gf.

Going up nicely again.

gf.

The MDW chart goes from strength to strength.....

Keep the charts coming OG. great stuff.


chears GF.

just wish that announcement would come.

Can u tell me anyone who you all trade with. I tried to buy 5000 of mediwatch 2 weeks ago with halifax but could only get 3000 worth. its still ok but now a bit p???ed off as its went up quite a bit already.

I'm thinking of changing who i deal with? Any suggestions? Thanks

BTW GF, thanks for helping me with BPRG. I noticed your comments last week and bought last Tuesday. I know i'm a bit late with BPRG but wont be in 2 to 3 years time as these r a gem.
I don't always agree with your tips but then again who is an expert these days in this topsy turvy stock market.

I use a TD Waterhouse nominee account - never had any problems.

bought and sold mdw through comdirect with no probs.

If an announcement doesn't come soon then I think the price will dip back to 10p, and I will top up. However it may announce very soon in which case 20p target I think is achievable this yr but short term it's probably been factored in, see trends before last yr as this is not a new scenario, it's just the strenghth of the sector that's changed and the US approval being added to the existing product.

Down a tad today. Im keeping faith with this one. Its usually the case that the big boys in the US mess the little ones around for a while before agreeing on a contract. May even add as this certainly is not a one trick pony. Just been looking again at the news to come and it appears newsflow will keep this one going all the year through.

cheers GF.

GF,

I agree, this one looks better the more research you do, and talking of research and the imminent prospects of MDW's hard labours bearing many baskets of fruit, I noticed an audio interview by the Wall Street Reporter made on 21st Jan this year with the CEO.

Here's the link for anyone who hasn't heard it yet:

http://www.wallstreetreporter.com/profiles/Mediwatch.html