MGT Capital Investments Inc. (MGTI)

[Imperial Whazoo]

Every time I trade using Fib levels, I see certain behaviors. For example: if price bounces off the 618, it ususlly goes back up eventually. Actually, it looks to me like it is best statistically for it to hold the 382. The next level, the 50, is a little worse than the 382, but not as bad as the 618. But if it punches through the 618, it goes to the 786 and it generally does a full 100% walk back.

This baby needs to announce the mining activities in Washington State.Thats what the big players want to see: activity in mining farms.

I personally believe the reports that MGTI is in place in Washington state, and I believe they bought a boatload of new ASIC power, but until management tells the world about their real situation as regards mining, price will probably languish. Sad to see a company so unhelpful as regards telling shareholders usable info. I'm used to being treated horribly by the management of these little companies & I can say this: having been abused by the management of a lot of little companies, if I were at the helm & if I was NOT trying to feather my nest as my chief priority, I'd be so open about what was going on that I'd make headlines in the press simply because of my openness about what was going on. I will never grasp why all these little companies act like such miscreants. Just tell your shareholders what is going on and you will be the benficiary of the good will of the investment community in general Duh!

They need to tell the world what they are doing as regards minuing in Washington State.

When they fill us all in on that, I bet the declines will stop and this puppy will get back into play.

Thats my feeling. Just my opinion, but its all I've got to go on since the management is refusing to be botherd to tell any of us anything that is actually useful.

And, as regards whether $1.44 will be hit, I am not going to do a price prediction. I use Fib lines to GUIDE the generality, not to day trade a stock. Its too imprecise, in my experience.

My message: announce mining info & this puppy will get out of the basement.

Thats all I'm willing to say on the subject.

So, MGTI management.... get info out and do it soon. We trusted and bought, so pay shareholder back by opening up with usable info.

Imperial Whazoo

ADDED/EDIT:
IMHO, we don't need any PRs making promises and predictions. We need to know how many machines they operate, how much per day they generate, and a roadmap for growing their mining operation.