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Can Medusa Mining Turn The Bears Into Stone?

By Zak Mir | Friday 21 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


 

On the face of it we can say that the recent price action as far as Medusa Mining will only have brought joy to those who have decided to go short and stay short. The issue now is whether after such carnage in terms of the price action we may have a possible bargain-hunting situation on our hands?



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