This thing seem to just keep going down??? What gives?????
As low as nugt went???
Mcewen (ticker:MUX) started trading at $1.00 per share back around 2005, over 10 years ago.. And Quickly went to 10 bucks on the hype of the hiring of the former Godlcorp CEO, Mr Mcwen. After all the hype faded and people regained their sanity and realized that company still had no earnings, and just a high profile CEO, which all the hype catupulted the stock to 10 bucks, it sold off back to $1.00 per share...
That was 10 years ago, and the stock even in the current gold rally is only back to around $2.57. So there are people out there who have lost 75 percent of their money in a 10 year holding period. Now im not saying the same thing will happen with MGT, but there's a pretty good similarity here. And once again most people bought MUX around the highs of 10 bucks amidst huge volume, just as the hugest volume on MGT also came at the highs.
what if he doesnt get hired to run the company?? where do you think MGT goes????
GET OUT WHILE YOU CAN!!!!!!!!!!!!!!!!!!
GET WHILE YOU CAN!!!!!!!!!!!!!!!!!!
This looks like a classic short on the chart
im sticking it out
end of message
Another classic speech promoting gold right at the top!! ....I wonder if he sold when we were buying?
Ok. I understand what you are saying that he planned the sale of his 47,000 shares one month prior on April 4, but just try and follow my logic here...I know its a bit wordy, but just try to follow what i'm saying because it raises an important point which is: Was Mr Roberts sale of his shares @ $18.10 on May 2 just two days before the May 4th earnings release just another unethical practice which just makes people say why should I invest my hardearned money when the rich are just going to take it from me anyway?....So here's the logic of what this Fitbit Executive Vice President might have been thinking on April 4th 2016: Basically Roberts, the Fitbit Executive Vice President, put in for the preplanned sale on the very last day before blackout period was starting which conveniently was just after the march quarter ends. By doing so, this action would enable him to sell just 2 days before the earnings release. It would also seem that on April 4, which is after the March Fitbit quarter ended, Roberts, being Fitbit's EVP, would have a pretty good picture that things didn't look too good for the next 2 quarters stock price, so he puts in his preplanned sale on the very last day before the blackout period is about to start, which will let him sell 2 days before the earnings release on may 4. This just seems very very fishy and way too coincidental to me to be just an innocent legal preplanned sale...Just my opinion....And id be stark raving mad if I was the sucker he bought his 47,000 shares at $18.10 just two days prior to FIt's cockamamie earnings release. Bottom line is these type of shady insider trading practices ruins credibility in our US equity markets, the big wigs keep getting richer without consequences for shady trading practices, while the average investor keeps getting poorer. Real good for the credibility and integrity of the US equity markets, wouldn't you say??? In my opinion, the SEC should question Roberts what he knew on April 4.
They are desperate and gasping for air...god help them
And I don't think Mr Roberts would have ordered and preplanned a trade just two days prior to Fitbit's earnings release without some foreknowledge or a hunch of just how the lousy the forward Q2 EPS guidance was going to be. Its just seems way to coincidental to me. If you order a trade in advance there should be a window of time prior to earnings where a trade cant be preplanned and 2 days is not that big of a window. Just my opinion.
Then my question to you is, how many days or weeks ahead did he order the trade on May 2???