{"id":4604,"date":"2014-05-20T13:11:36","date_gmt":"2014-05-20T13:11:36","guid":{"rendered":"\/?p=4604"},"modified":"2014-05-20T13:12:49","modified_gmt":"2014-05-20T13:12:49","slug":"medl-mobile-holdings-inc-otcmktsmedls-ride-is-as-choppy-as-ever","status":"publish","type":"post","link":"\/articles\/medl-mobile-holdings-inc-otcmktsmedls-ride-is-as-choppy-as-ever\/","title":{"rendered":"MEDL Mobile Holdings Inc (OTCMKTS:MEDL)’s Ride is as Choppy as Ever"},"content":{"rendered":"

\"MEDL.png\"As you can see from the chart on the right, MEDL<\/a> Mobile Holdings Inc (OTCMKTS:MEDL<\/a>) isn’t really the most consistent performer on the OTC Markets. There are periods when nobody seems interested in the stock, but there are also some huge volume spikes. <\/p>\n

The same thing can be said about the price movement. On April 30, for example MEDL<\/a> surged out of the blue and registered a whopping 93% in daily gains. Unfortunately, on the very next day, it crashed and wiped out around a third of the market cap.<\/p>\n

Even when you take a look at yesterday’s intraday chart, you’ll see that the ticker’s behavior is extremely unpredictable. MEDL<\/a> opened the day at $0.18 per share and during the first few minutes, there was nothing to suggest that it will be able to finish the session with $786 thousand in dollar volume. Then, it suddenly broke out and ran to an intraday high of $0.25. Unfortunately, it failed to keep the gains and it finished the day at $0.205, but this is still around 10% above Friday’s close. Once again, there’s no immediately obvious reason for the erratic chart movement which means that there’s no way of telling what will happen next. Still, that won’t stop us from taking a look at the company and seeing how it has been doing over the last couple of months. <\/p>\n

The latest 10-Q covers the first quarter of 2014 and it was published about a week ago. As is often the case, it’s not really perfect, but it does have some strong points. Here’s a summary of the most important figures:<\/p>\n