Monday, October 24, 2016 2:47:51 PM
I think mcig will test the high last week, but I'm not chasing it. I think the PR, although fluffy, is going to attract more trades and mj hype investors. Fundamentally, I think it's trading at the top for a reasonable valuation based on what they can capitalize on over the next year, but hype will likely carry it up. How far, I have no clue.
I will say, this wave of volume should have significantly increased MCIG's cash position. Hopefully fur the longs, they put that cash to good use. Hopefully Rosenberg collected what they need to sustain therm for some time and will ease up in any further dilution. Good lunck. Wish you would have averaged down in the 3s, but perhaps in a year to two years you will see your investment green.
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