So far this year, the collaboration created by Andrew Maltin, a high tech pioneer/serial entrepreneur and Dave Swartz, a marketing veteran/creative genius, has been nothing but “Money” for penny stock traders. Shares of MEDL Mobile Holdings Inc. (OTC: MEDL) have been ridiculously explosive since trading below $0.10 near the end of 2012. With over $1 million in volume over the last two trading sessions and a return to levels not seen since June, new investors in MEDL stock must be wondering if they can “Hang w/” those who are already up 228% since the start of 2013.
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MEDL Stock Chart
Market Cap: 20.02M
Last: 0.46 ▲ 0.04 (9.52%)
Dollar Volume: $515,110
Issued and Outstanding: 43,532,309
14-Day Rel Strength: 86.15%
14-Day Stochastic: 88.89%
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When it comes to finding those hidden gems, MEDL Mobile Holdings is one of those that you wish you could travel back in time to have noticed at the end of 2012. Just think, 10 cent shares in a Company that has built a system for developing Apps, almost 150 to date for iPhone, iTouch, iPad and Android, that have been featured on CNBC, BBC, ABC, CBS, NBC, CNN, in the pages of Esquire, Fast Company, The New York Times, The LA Times, The Chicago Tribune, The Orange County Register, The Washington Post and The Guardian; and by top sites such as Mashable, Macworld and Gizmodo. Gee whiz!
From the looks of it, MEDL Mobile is set to report gross revenues of around $4 million after reporting $2,712,892 for the nine months ended September 30, 2012. Despite their controversial “NRA: Target Practice” game, sponsored by the National Rifle Association which became the #2 Free App on iTunes after it was launched one month after the Sandy Hook tragedy, even Forbes couldn’t put a stop to the performance of MEDL stock.
MEDL stock went public in August, 2011 and has been sliding ever since having only eclipsed the 200,000 share volume for the first time one year later. For all of 2012, an investment in MEDL stock would have provided a shareholder a return of -90.43% as of the low on December 31, 2012. 2013 is a much different story.
Ever since the start of the year, MEDL Mobile Holdings has been on the PR war path. News announcements of new Apps available or coming soon have been hitting the wires at least once a week. The Company even entered into the hype legalized marijuana having published, together with Cheech and Chong, an app add-on for their “Snap One” which allowed users for both Apple iOS and Android platforms to take up to three poses with the dynamic duo who were always on the hunt for a Fatty.
A Fatty is exactly what MEDL traders are getting at present. With the last three trading sessions sending both dollar and share volume to levels not seen ever by shareholders, the work of Maltin and Swartz, together with the over 80,000 innovative inventors of mobile applications, is finally paying off big dividends.
With 3,000,000 shares set to be available at a cost of $0.50 each after a private placement from nearly a year ago, the levels where MEDL stock is at now could be the new floor for the soon-to-be positive net income reporting Company, assuming they stay on the current path they are on.
About MEDL Stock
MEDL Mobile Holdings, Inc. through its wholly owned subsidiary, MEDL Mobile, Inc., is a developer, incubator, marketer and aggregator of mobile application software, Apps, primarily engaged in the monetization of those Apps through four revenue generating platforms. Click here to view the SEC filings for MEDL, here to view their 2012 overview and 2013 preview.
Last 5 Trading Sessions:
Bottom Line: MEDL stock has been a superb penny stock since the start of the year and is showing increased signs of bulishness with volume spikes the last three days. As long as MEDL can continue to be listed on iTunes with top downloadable apps, there seems no reason to suspect that its stock wont perform in-kind.
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