Anybody follow this one ?

GF - I agree, have just been reading "Reminiscences of a Stock Operator" and that really rams home the point that the really big gains are made by spotting a big opportunity, trading at the point you think best and then waiting and waiting until it all comes together.

MDW is such a gem at these prices because we already know that there is a consistent stream of newsflow to come, the US distribution deal being just a start and for small companies good newsflow is crucial to keeping the press and punters interested.

All will be revealed in good time.

OG

Couldnt agree more overgrowth. Too many people panic on short term movements.

cheers GF.

i bought in at just under 10p so no panic for me as yet. However, looking at chart, i think we are due another big hike up very soon. Any experienced chartists out there to back up my claims

Not a chartist scotinvestor just hoping the do manage to rally.

cheers GF.

The one month candlestick chart shows the recent trend turning bullish again:



The dragonfly doji (horizontal line with vertical underneath) is a respected bullish sign after a downtrend. This means that support brought the price back up to where it started from.

The hammer (rectangle with long vertical underneath) is also well-known as a bullish signal, heralding the "hammering up" of the price imminently - note that this powering up of bullishness does not always happen in the next session, but is sure to follow soon. This hammer also emphasises very strong support at 11.5p.

So, it looks like the chart is saying that the deal could be announced before the end of the week. If this is not the case, then it looks as though there will be renwed bullish interest in the prospects of the company in general (or in anticipation of the deal or a host of other reasons which TA's don't care about anyway when looking at the charts).

like i said before if this one goes down further take it as an opprtunity to top up ..least thats what i feel ..

just to refresh our memory here is the last RNS re the FDA approval ..the important info is in the last paragraph and i quote from there..

"We are in advanced stages to conclude a distribution agreement with a large, well-established international company that is already selling into closely related markets" ..so i for one not yet concerned about the currrent downward pressure on price ..just a matter of time b4 details r released .. i'm holding as long as it takes.

Mediwatch PLC
20 January 2004

Mediwatch Secures FDA Marketing Approval for Portascan(R)

Rugby, UK - 20 January, 2004 - Mediwatch, the innovative UK manufacturer of high
tech screening and diagnostic systems for urological disorders, announced today
that it has received marketing approval from the US Food and Drug Administration
(FDA) for the Portascan(R) portable bladder scanner in the USA.

The state-of-the-art portable diagnostic will be used to screen patients
suffering from prostate and bladder disorders, incontinence and those requiring
catheterization. Doctors' offices, outpatient clinics, hospital emergency
departments and nursing homes are all potential users of the Portascan, where
its level of accuracy gives it a major advantage over its competitors This
approval provides Mediwatch with access to the lucrative US bladder screening
market, currently valued at between $15 and $20 million per annum.

Commenting on this development, Philip Stimpson, CEO, said, 'Breaking into the
US market represents a significant milestone for Mediwatch. We are in advanced
stages to conclude a distribution agreement with a large, well-established
international company that is already selling into closely related markets.
Although this is our first venture into the US, we have already signed similar
agreements with multi-nationals to distribute our products across Europe.'

many people must be losing a lot on this one already. i noticed people on this buying at 13-14 p levels. you have to sell at 11p already.
i'm still going to sit this one out just like i did with RTD. if u believe in something, then stick by it. the day traders stuff up small cap shares like this one but long term they cant do anything.

could not agree more scotinvestor. This is a good company and will recover I am sure. I will be sitting this one out.

I agree folks,

The brokers say that the MM's are collecting as much stock as they can because they know that they're going to sell it by the bucketful when the distribution deal is announced. This is a golden opportunity to buy in before the next massive surge.

I hope it keeps at this level for the next couple of trading days so I have the cash to top-up, although judging by the current market trends, it wouldn't surprise me at all if an RNS pops up tomorrow or Monday and scuppers my plans.

OG

Typical - the price is starting to rise again (albeit very slightly), I'd say it looks like an evens bet on news early next week.

Yup nice to see them start to rise again.

cheers GF.

Another day up Guys?????

cheers GF.

Yup were up this morning. Lets hope we can maintain it.

cheers gf.

announcement imminent - was delayed because of management change at USA partner as per reply from MDW Director.

thanks for that hondaman

Cardinal Health maybe ?


Cardinal Health Inc. has promoted George Fotiades to the newly created position of president and chief operating officer.

Fotiades was president and chief executive officer of Cardinal Health's Life Sciences business since 2000, and now all of the company's operations will report to him.

Company founder Robert Walter retains the titles of chairman and CEO.

"With George at the operational helm, my focus will be on corporate strategy, capital deployment and leadership development," Walter said in a press release.

Cardinal hasn't had a president since John Kane retired in 2000. The company eliminated the title following his retirement.

Dublin-based Cardinal is a global provider of goods and services to the health care industry.

James Millar, president and CEO of Cardinal's Healthcare Products and Services unit, has been transferred to the new position of executive director for strategic initiatives. He will advise Fotiades and report to Walter.

Also, Ronald Labrum was appointed president and CEO of the newly created Integrated Provider Solutions organization, which will hold Cardinal's medical products and services, clinical consulting and services and specialty distribution.





http://columbus.bizjournals.com/columbus/stories/2004/02/02/daily13.html

these have been nudging up nicely for the last few days .. thought bring thread back as i feel it won't b long before the details of the contract is released.

Kantona,

I agree, looks as though we're getting very close now. 20p could be on the cards very soon.

OG

fingers crossed,20p sounds vg

Right lets hope we get the news on a good day on the market.

cheers GF.