Weight management company Medifast (MED) posted a gain of 52.67% for the month of August, rising from $5.43 to $8.29 per share. This stock has a long history with Medifast from the time it was $5.39 in December 2005, taking profits of over 230% on 3/4th of our position when the stock touched $18 in mid-2006 and then once again adding to our position when the stock had pulled back to $8.52. Unfortunately since then this highly volatile stock which exhibits long periods of detachment from fundamental reality both on upswings and downswings has trended lower after disappointing earnings in 2007 as the company increased its advertising spend, implemented an ERP solution and moved its call center in-house.