And one last thing .... in speaking with Chardan, I get the impression that MGT has news to release that they didn't want to release with the overhang in place. Just speculation on my part, but it sure sounded like that was the case. Nevertheless, I'm in at $2.70 and feel more than safe at this price.
I wanted to also add that I understand the PR machine is about to really heat up, possibly very significant news that's been held back due to the overhang. We'll see, but after being rather negative on the stock, I'm big time bullish after further review.
In at $2.70 after further study of the recent transaction with Iroquois that no one liked, including myself. I called one of my longtime friends at Chardan and spoke with him in depth about MGT and there's much much bigger institutional interest in the stock than I thought and catalysts are plentiful. It's just a matter of days before ALL overhang is gone and I think the stock is about to roar upwards and will probably overshoot on the upside. When people start seeing the stock move without the usual restriction, everyone's going to jump on this. The most recent acquisition makes MGT money in many more avenues than just gambling. The frustration has just about come to an end ... finally.
Russ, all you could talk about yesterday was the fact you were mad that others in the stock talk live room were bad-mouthing MGT publicly before you could unload your 32K shares towards $3.00 and even when you had the opportunity to unload, you didn't. Now you're stuck as we all know and will dump at an even lower price that first discussed.
A hedge fund buying 200 share blocks ..... LMAO .... You're not a hedge fund manager, but you are a total dork.
Always an overhang in the stock and Iroquois has been shorting like they do in every stock.
The new warrant price lowered from $3.85
Obviously you missed the part of the CC that spoke about future decreased expenses and a rise in margins. Good luck with your short after the first of the year because you'll need a lot more than luck.
It just cracks me up when people speculate about this dog making a run. Get real folks, this company's management team couldn't sell a dime for a nickel and don't forget you're about to get whacked with yet another capital raise. This pile of dung moves 2 pennies and people start screaming for joy. LOL.
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A.F. TSC article just out basically says Gilead is good on pricing until 2017. Definitely a short trap today.
The stock could be trading at $120.00 right now and still be dirt cheap. Love this one for OOTM calls.
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Love bear raids.
The company's still loaded with debt and it's a very tricky business. One slight hiccup in the far east and it's lights out. They need stabilization and a capital raise isn't out of the question.
I've been saying this for 2 weeks now and I will be right as usual. Careful here, as the company was e-mailing out Superman's SA article last week along with putting out multiple PR's. Capital raise any day IMO.
This one may just slowly sag back to the $11's.