The sell downs have been smaller parcels, impatience and stop...

The sell downs have been smaller parcels, impatience and stop losses. Tight stops on small parcels hit when likely they are not watching..... the buyers moving their pips to drag the price down..... look this morning, buyers are there but playing the pip game.

This of course is driven, as you said, in anticipation of a positive announcement. Seems the Omicron fear has gone, VIX index is going back down, interest rate fears gone too so the support is there for the stock pre-announcement. Also if you look at the big green candle of 16 November and the volume for that day it can be seen there was clearly some profit taking going on too.... but now it's reload time not dump time.... the game is patience.

The market cap is just $73 million..... we know they sold a machine for $11,000 what we don't know is the cartridge price. We know IVF cycles for market and each cycle = 1 cartridge so for fun lets assume a cartridge is sold for $100 x 100,000 cycles = $10million revenue .... recurring like a subscription. The potential is huge, we all know that, and recurring revenue brings stable financial management.

The handle part forms due to a retrace and the question is where too after that ..... a rule of thumb is 50% of the previous climb higher which should push MEM to around 15 cents. So the game is on, buy at 9cents go to 15cents.... not bad for starters. But even at 15 cents the market cap would be around $120 million ..... still cheap for a 10 year long medical industry product with a huge IP moat around it patent protected.

Fingers crossed all stays on track in this choppy market.