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Did you see the bids @ 2.79 and 2.80. Somebody NEEDS 20k at 2.79 I'm guessing from the sell off at close yesterday. We'll see what happens. This will be interesting with christmas next week.
Looks like I was right about the $2.85 being the gap close lol
$MOLG
Gap filled early, slow steady movement up rest of the day.
$MOLG
Moving like a champ. Thinking with this float we could see 50%-60% easily today. Or possibly even more based on past candles.
$MOLG
$2.85 is gap close come onnnn baby
$MOLG
This is what I was hoping for! I've traded this several times since my original purchase at 1.65. The volume that's going to happen today and tomorrow is going to take us to $5 real soon
Stupid $&(;/)/$ gaps
Hoping it opens up at $2.90 so there's no gap to fill
$MOLG
Finally....I almost bailed this week
Oh my...this is very good news out this morning..."Houston, we have lift-off, over."
MOL Global, Inc. (Nasdaq:MOLG) ("MOL" or the "Company"), a leading e-payment enabler for online goods and services in emerging and developed market, today announced that it has commenced repurchases pursuant to its share repurchase program announced on December 1, 2014.
The Company's purchases are subject to customary blackout periods, and may be made from time to time at prevailing market prices in open market purchases, privately negotiated transactions, block purchases or otherwise, as determined by the Company's management. The timing, frequency and amount of repurchase activity will depend on a variety of factors such as levels of cash generation from operations, cash requirements for investment in the Company's business, current stock price, market conditions and other factors. The share repurchase program may be suspended, modified or discontinued at any time and has no set expiration date.
$MOLG
Bounces off 2.50 range perfectly. Nice way to grab 20% gains. I'll keep flipping it until I see a new pattern
I don't know. Another super thin day. It's making for an easy 15% swing day trade though
What happened looked like we were making positive gains... sheesh
Looking for a move up to 3.25 and close over $3.00 to confirm an uptrend.
Yes it looks like we might move up a little PM
Tell me buddy, where do you keep reloading the cash from after constant losses? Lol
Waiting a long time for what? $8? No freakin kidding. $4-$5 on the other
hand is short term certainty. Within a month, possibly even this week depending on market conditions
you are going to wait a loooooooonnnnnggggggggg time G.B.
Weird trading today, about 3000K shares traded between 2:87 and 2:89 over the last couple of hours. Just locked right there
I'm liking the bid support. From looking at the charts $2.80 seems to be our new support
Agreed. There are no shares available. This looks like it did yesterday before the big move. Provided there isn't a Friday sell off to allow some shorting this will move up quickly. All profit takers are gone
$MOLG has $82 Million in the bank from IPO.
See the 10/9/2014 IPO prospectus for proof.
"We expect to receive net proceeds from this offering of approximately $82.2 million (MYR263.8 million) after deducting underwriting discounts and commissions and the estimated offering expenses payable by us."
So they have plenty of cash to make a $15 million buyback with $67 M remaining to growth their business. It's is probably the best investment the company can make right now.
Nobody knows for certain if that buyback started and was what spiked yesterday's volume/price, but I wouldn't be surprised if it was. Would be smart for them to hold off buying today- let price drop into $2s again on market weakness and resume buying next week.
Glad to see this coming back to life. Looks like a strong uptrend to me
Anyone here ever hear of a guy named Luke Murray? He's some kind of superman day trader with Jason Bond, also recently got a job with Jeff Williams supernova elite service as well. He controls both of their chat rooms which have thousands of subscribers. He has 22000 followers on Twitter where tweets out his trades in real time. Well at 3:49 this afternoon this is what he tweeted
if $MOLG continues, a break of 4 and try at 5 would not surprise me tomorrow or mon
— Luke Murray (@EliteDayTraders) December 11, 2014
People keep talking about news is needed for this to move. No it will move just fine without news. This isn't a pinksheet stock. Real revs and growth $15mln buyback. Knocked down and shorted heavily. Not every day is going to be a 200% gain. This will continue to move back towards ipo pricing. The one day it gapped up a dollar whatever completely screwed everyone. Company also isn't going to waste the $15 mln buyback in one day so everyone dumps with a 300% gain only to have it shorted right back down.
Just lawyers wanting money for lost funds from initial IPO, pay- pal type company I hear and I think they would want the price back near the 11.14 IMO gotta do more DD GLTU and all always!!!!
Is this just a run or did some news actually pan out?
That's what we need s69 for sure!!!
Better load now before this puppy runs back to low teens. 90 days to teenage waste land.
I know what the €£¥¥
Thanks. With the selling over, having already run up through $3 several times and how easily it was moving and gapping prices on low volume.
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"MOL has encountered some difficulties over the last several days relating to an accounting error at its Vietnam subsidiary, a delayed earnings release and trading halt, and the departure of its CFO, Allan Wong. The timing of Allan's departure for personal reasons which unfortunately coincided with the delay in the earnings release have resulted in some unhealthy speculation on the company's financial numbers, and the stock price has been, in my view, unfairly punished.
"I have the utmost confidence in the management and MOL and none of these unfortunate events alters my very positive view of the underlying business of MOL. I have communicated my support to the management team at MOL, and while I know they are currently working very hard on addressing the issues that have arisen, I have encouraged them to continue to remain focused on executing their business plans.
"I also am very supportive of the board's decision to implement a share buyback plan, as I believe that at the last closing price the stock is significantly undervalued.
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