InvestorsHub Logo
Post# of 112682
Next 10
Followers 28
Posts 1543
Boards Moderated 0
Alias Born 04/16/2014

Re: None

Tuesday, 12/06/2016 10:47:52 PM

Tuesday, December 06, 2016 10:47:52 PM

Post# of 112682
If MCIG breaks .15 PPS (21daySMA resistance) I'm looking to go long for the triple top test @ .21 $$

Patiently waiting on the sidelines for this to play out. A grab on the 50daySMA reclaim on Monday may be a big trade.

Keep in mind this is a momentum play based on the retest of Near term highs price action, MJ sector heating up again for next leg, and with the mentality MCIG is currently overvalued with current financials

Excluding financial/earnings issues,MCIG needs to prove it's deceleration of outstanding share dilution via issuing more shares for operations. Maybe MCIG sells some OMHE shares for operations? Paul retire to treasury more convertible preferred shares? Oh wait, how many does he have left nowadays who knows? Has he cashed out into the pump? I couldn't piece together his preferred share conversations into common stock & probably will file 10-q late. MCIG desperately needs improved transparency regarding filings and shareholder communication. This adds risk.

Consider the risk/reward at these level as these are just a few pitfalls many board members & moderators have derived from years of due diligence on MCIG and all have credible financial backgrounds.

Also consider there are a lot of MM short selling to create a market for investors pushing these "Bubbled" penny stocks lower to a more reasonable valuation & long term indicators i.e. daily/weekly moving averages. (There is speculation that some MMs like NITE are naked short selling, or selling enormous shares or even well of stock without covering them, specifically if there is a reverse split, ticket change,merger etc anything that could replace the CUISP #) VTCQ/OMHE has change CUISP many times...(somebody had to have made money on the VTCQ decline) The naked VTCQ short shares not covered are then lost in the books as a liability in "Sold But Not Purchased". This liability has been increasing YoY in market maker financials. hmm something to consider.. overall this is added RISK & explains a lot of the 2014 bubble and various pump & dumps price movement .

Just some of my thoughts for the MCIG fam

Watching closely here.

GLTA

Cash