MDVN Update

This is an update to my original breakout post of 10-4-07 (see below "older posts"). MDVN price action continues to strengthen due to company prospects, as well as recent action in the biotech sector. There is no denying that the stock was on a parabolic tear over the past week. Volume was great, stock clearly broke out of its consolidating channel (click on image below), earnings are coming up and test results are right around the corner for the company. All of this means that, at a minimum, speculative money is willing to nibble and see what it can pocket through earnings season. The next event is the October 11th Bio InvestorForum, which MDVN will participate in - thus begins the 2nd leg of its journey.