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More importantly, the issue of the MM's influence underscores one of the BIGGEST considerations that I don't see addressed here fully enough as the overriding caveat of stock trading reality we must be aware of.
Just referencing the MM's ability to do what they do best is not the same as actually having my own real world brokerage background that saw it happen firsthand daily in all markets.
Too much one-sided tunnel vision of misguided optimism is rampant here which reveals the absence of real, hard core, in-the-trenches trading toughness, longevity and experience in matters some here can only pretend to know about.
This pretty well sums up the bulk of what I see posted here.
$MGLD short numbers from Fintel
https://fintel.io/ss/us/mgld
Shows how efficient the MM's are at playing both ends of the deal.
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Do any of you see why its sound to take profits when you should?
A few days ago the public's enthusiasm and internet hype over MGLD made a market for those who are wise as to the ways of stock price action and how to benefit from it.
Now, ladies and gentlemen, you are seeing pure supply/demand as reality has set in and the frenzied news response has played out.
Nevertheless, this is still a time to accumulate cautiously at lower levels before the next run-up now that more awareness of MGLD is in play.
This also goes to prove that MGLD, like the former CNCG is still for the present greatly dependent on selling its "story" to the investing public. Company fundamentals and financials especially like those on MGLD's level somehow never seem to trump youthful and overtly public enthusiasm for piling on a hot stock. This is especially meaningful when people are also woefully ignorant of the immutable "what goes up must come down" concept inseparably attached to these fleeting stock spikes.
Mary Golden Green Bar Days Ahead.eom
$MGLD's Marygold Card
https://marygoldandco.com/our-card/
https://themarygoldcompanies.com/subsidiary-companies/
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$MGLD on Reddit
https://www.reddit.com/search/?q=%24MGLD
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MM bought every IPO share plus full over-allotment
But will it be enough?
https://www.businesswire.com/news/home/20220314005576/en/
Seems the MM tried to make up their over sold position by pushing down the price and buying back cheaper shares today. Delivery of shares from last week due tomorrow. Retail brokers going on the war-path. Is it time for a Reddit-Attack?
$MGLD
https://themarygoldcompanies.com/subsidiary-companies/
#MGLD
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Hahah well said money man
Real reason for the super-volume: A Twitter/Discord bash. MM just went along for the ride.
https://twitter.com/search?q=%24MGLD&src=cashtag_click
Today's volume of 90M also means that the small public float effectively traded at least 18x. (Assuming prior public float plus IPO shares total no more than 5M shares). How many shares were sold that didn't exist? If just a few Mil of today's volume is held for a few days the MM won't be able to deliver. Will we repeat this wild ride in 2 days?
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BTW, I hope most of you were able to take profits early today as I was able to do once I finally opened my Ameritrade account and saw the event unfolding before my astonished eyes.
I would say that anytime anyone can be minutes late in logging on to their account and still sell shares within 5% of the day's high it is indeed a great day!
On the flip side, I was doubly grateful to see how my early notion not to be greedy saved me from the later fallback in price. However, now there may be plenty of trading opportunities to buy and sell this puppy going forward.
DrD and Family:
Nice to see this finally giving us a chance for a portion of profit-taking liquidity for which we have been patiently waiting since the post-Y2K era. What a pleasure and a surprise out of left field to see 89,000,000 shares move.
Congratulations To Us All!
Marygold-Companies (NYSEAMERICAN:MGLD) stock is rocketing more than 147% after uplisting to the NYSE American Exchange yesterday.
https://investorplace.com/2022/03/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-march-11/
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Here's what's behind the jump in Marygold Companies stock
https://investorplace.com/2022/03/mgld-stock-alert-why-is-marygold-companies-mgld-stock-up-today/
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USO climbs to over $3.6B in total NAV today
USCF's $USO
https://www.uscfinvestments.com/holdings/uso
#USO
$MGLD
https://themarygoldcompanies.com/subsidiary-companies/
#MGLD
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3.79 from 7.11 nutso
USO still well over $3B in total NAV with oil prices bouncing around recent peak
1.6M new shares created yesterday
A Higher NAV = Higher Fees, Higher USCF Income = Higher MGLD Income
USCF's $USO
https://www.uscfinvestments.com/holdings/uso
#USO
$MGLD
https://themarygoldcompanies.com/subsidiary-companies/
#MGLD
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If this were standard supply/demand we'd be >$20 by now, imo.
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its typical market maker ago hedge fund BS wash trading pump and dump, chop and grind... ROCK EM SOCK EM ROBOTS
Seems to be a tad more volume today?
Mid day volume already about 2x outstanding shares.
Did the MM bring in their own an army of day traders?
With all this churning soon we'll have butter. Can someone please pass the bread?
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MGLD's Subsidiary Original Sprout at Natural-Products Expo West 2022
https://exhibitor.expowest.com/ew22/Public/eBooth.aspx?IndexInList=1882&FromPage=Exhibitors.aspx&ParentBoothID=&ListByBooth=true&BoothID=1489323&Nav=False
https://exhibitor.expowest.com/ew22/Public/EventMap.aspx?ver=html&EventID=945&MapID=1000647&MapItBoothID=1489323&MapItBooth=3363&shAvailable=1&shExhList=1
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MGLD's Subsidiary Original Sprout Announces New Product Offerings
https://www.newmediawire.com/news/original-sprout-announces-new-product-offerings-worry-free-and-bundle-of-joy-at-natural-products-expo-west-6221084
Original Sprout
https://originalsprout.com/
MGLD
https://themarygoldcompanies.com/
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Super volume on first day of NYSE:AMEX up-listing
Including after hours over 234K shares traded.
https://www.nyse.com/quote/XASE:MGLD
Share price even rose considerably after hours.
The new web site is up and running, nice new name and a little extra color. Most just a copy paste from the prior web site, (including the outdated 2021 copyright). Compliance pages added. News of the NYSE/AMEX up-listing didn't make the news page. Still no 2021 Chairman's letter. But they finally got the corporate address corrected on the contact page.
https://themarygoldcompanies.com/
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Concierge Technologies Inc., CNCG, changed to The Marygold Companies Inc., MGLD, and moved to the NYSE AMEX from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
NYSE-American certifies CNCG uplisting (Goodbye OTC)
https://www.sec.gov/Archives/edgar/data/1005101/000087666122000261/MGLD030822.pdf
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US_Oil_Fund (USO) exceeded $3.5B in total NAV on last close
USCF's $USO
https://www.uscfinvestments.com/holdings/uso
#USO
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
$MGLD
https://www.themarygoldcompanies.com
#MGLD
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CNCG Uplisting/Name/Ticker Change (MGLD) effective Mar 10
https://www.globenewswire.com/news-release/2022/03/07/2397937/0/en/Concierge-Technologies-Inc-Announces-Uplist-to-NYSE-American-Exchange-and-Corporate-Name-Change-to-The-Marygold-Companies-Inc.html
https://www.sec.gov/ix?doc=/Archives/edgar/data/1005101/000117120022000059/i22126_cncg-8k.htm
http://www.themarygoldcompanies.com./
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CNCG subsidiary sees their ETF funds at record levels
Newest ETF funds $GLDX and $UMI reaching absolute highest total NAVs.
$UMI
https://www.uscfinvestments.com/umi
$GLDX
https://www.uscfinvestments.com/gldx
$USO
https://www.uscfinvestments.com/uso
$BNO
https://www.uscfinvestments.com/bno
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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Midstream_Energy_Income_Fund's net assets jump to over $148M
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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US_Oil_Fund (USO) reached over $3.1B in total NAV
USCF's $USO
https://www.uscfinvestments.com/holdings/uso
#USO
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
US_Oil_Fund (USO) getting ready to break $3B level in total NAV
Plus the creation of 600K more shares
USCF's $USO
https://www.uscfinvestments.com/holdings/uso
#USO
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
Gold_fund (GLDX) NAV again exceeds recent record high
USCF's $GLDX fund:
https://www.uscfinvestments.com/gldx
#GLDX
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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Midstream_Energy_Income_Fund's net assets now exceed $144M
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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Gold fund NAV exceeds recent record high
USCF's GLDX fund:
https://www.uscfinvestments.com/gldx
#GLDX
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
CNCG (USCF) Ranked 28th in ETF Issuer Revenue League Table
https://etfdb.com/etfs/issuers/
https://etfdb.com/etfs/issuers/concierge-technologies/
USCF
https://www.uscfinvestments.com/home
$CNCG
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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Best Oil ETFs for Q2 2022, CNCG's USCF has 2 of the 3
"The oil exchange-traded funds (ETFs) with the best one-year trailing total return are OIL, USO, and BNO."
https://jnews.uk/best-oil-etfs-for-q2-2022/
USCF
https://www.uscfinvestments.com/home
$USO
https://www.uscfinvestments.com/uso
#USO
$BNO
https://www.uscfinvestments.com/bno
#BNO
#CNCG
https://www.conciergetechnology.net/subsidiary-companies/
$CNCG
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CNCG's Marygold makes top-18 most stunning Credit/Debit Card Designs in Banking
"The portrait style has never been better executed than on the Marygold & Co. debit card. Oftentimes, a microchip can be an awkward fixture on a credit card, but Marygold, a neobank, built its signature flower around the small rectangle to create its beautiful debit card."
https://thefinancialbrand.com/125367/18-of-the-most-stunning-credit-debit-card-designs-in-banking/
Gold fund NAV reaches another record high, following continued surge in gold prices
USCF's GLDX fund:
https://www.uscfinvestments.com/gldx
#GLDX
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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$CNCG Earnings Out, EPS: $0.03, Revenue: $9.45M
https://seekingalpha.com/pr/18670915-concierge-technologies-reports-financial-results-for-three-and-six-months-ended-december-31
$CNCG:
https://www.conciergetechnology.net
#CNCG
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Subsidiary USCF's Gold fund NAV rises to record high, following surge in gold prices
USCF's GLDX fund:
https://www.uscfinvestments.com/gldx
#GLDX
Gold Spot Price:
https://www.jmbullion.com/charts/gold-price/
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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CSIMarket claims CNCG earnings out on 14th
https://twitter.com/hashtag/ConciergeTechnologies?src=hashtag_click
https://csimarket.com/stocks/at_glance.php?code=CNCG
I'm guessing 16th
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Midstream_Energy_Income_Fund's net assets over $136M, a new high
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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CNCG's subsidiary USCF files to launch another fund
More USCF funds = more fees = more CNCG income
USCF ESG Dividend Income Fund
https://www.sec.gov/Archives/edgar/data/1597389/000117120022000035/i22061_etf-485apos.htm#i22061a_010
USCF
https://www.uscfinvestments.com
#CNCG
https://www.conciergetechnology.net
.
Midstream_Energy_Income_Fund's net assets top $134M
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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CNCG earnings about due, should be next week
Last year's earnings released on the 16th
https://www.sec.gov/cgi-bin/browse-edgar?company=concierge+technologies&match=contains&action=getcompany
#CNCG
https://www.conciergetechnology.net/
$CNCG
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The_Marygold_Companies Inc. plans to list on the NYSE American under symbol MGLD in an $8 million IPO."
https://www.valuethemarkets.com/analysis/marygold-companies-ipo-what-you-need-to-know
#CNCG
https://www.conciergetechnology.net/
$CNCG
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This site claims CNCG-MGLD up-listing could be Monday
https://www.iposcoop.com/ipo/the-marygold-companies-inc-aka-concierge-technologies-inc/
Seem a bit quick, but who know's.
https://www.iposcoop.com/ipo/the-marygold-companies-inc-aka-concierge-technologies-inc/
Amended S-1
https://www.sec.gov/ix?doc=/Archives/edgar/data/1005101/000117120022000031/i22052_cncg-s1a.htm
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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Midstream_Energy_Income_Fund near record-high, net assets now over $132M
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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