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Again, and in the spirit of full disclosure, I went in somewhat heavier on MGLD today.
Since I took full and quick liquidation advantage of the brief morning price spike a few Fridays ago, I now have reacquired just over 37,000 MGLD shares. My cost average per share for what I now hold is a modest $2.03.
Cautious and careful while accumulating assets wins the game the vast majority of the time.
$MGLD to Participate in Maxim_Group’s 2022 Virtual_Growth_Conference
CEO and COO will present at Maxim Group’s 2022 Virtual Growth Conference, March 28-30, 2022.
https://www.businesswire.com/news/home/20220324005782/en/The-Marygold-Companies-to-Participate-in-Maxim-Group%E2%80%99s-2022-Virtual-Growth-Conference
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BTW, I almost forgot.
In the spirit of full disclosure, I picked up just under 4,000 more MGLD near closing.
Sorry, I was not responsible for the climb to the day's high of $2.30+.
Ask Jim Cramer if he did it!! Somebody I also was aware of by reputation from the bygone days.
I always question the rationales of anyone who overtly asserts a "BUY" rating on any stock. While I hear this constant type of hype daily on the major cable financial news outlets, this especially holds true with stocks like MGLD, its stockholders, and stock info services like "Investor Place", etc.
If one just simply looks at the facts (and I have decades of market experience tracking this) one will see something rather eye-opening: Rarely after a "BUY" recommendation (which is the pervasive one I see here) is given by a stock's proponent does that stock actually move in that hoped-for direction in a timely fashion.
MGLD, formerly CNCG has been around since I was in my thirties and it has only been recently that any kind of significant price spike has allowed loyalists a brief event with which to cash out. Luckily, I made my earlier money on CNCG when it was selling as low as $.003 and I twice sold all my millions of shares on run-ups of $.04 to $.055. Made a TON and thanks to an angel on my shoulder, I somehow stayed away from getting back in again. However, folk were still hanging on telling readers that CNCG should be at a quarter in no time.
Fortunately I did my later acquiring (after the reverse splits) gradually over many, many months while CNCG was between $.65 and $1.20, so I fared darn well again on the recent spike. But even then, back 4 - 5 years ago or so, I confronted CNCG management about several key unaddressed issues to the point where they wouldn't respond to the unusually pointed and incisive questions they obviously were not ever asked by other folks.
But what is to be said of the thousands of constant "BUY! BUY! BUY!" posts for CNCG seen here during the last 20+ years?? Did those shareholders who followed that erroneous advice and, who went through TWO reverse splits (a 1-for-10 and a 1-for-30) totaling a 1-for-300 actual scenario, ever actually make a profit??
With all this said, guys and gals, resolve right now do your own thinking/investigating based what your deliberations on MGLD reveal to you about buying and then when you decide to sell at various points.
We will probably never see MGLD at $.60 levels again, but BEWARE!!. Nothing goes up forever in a straight line. MGLD may be a $25 stock someday, but how you take profits at certain key times based on far more factors a smart trader ferrets out than one will find spoken of here on this board, is what will make you a success.
All of this is up to you and to your level of commitment to be the uncommon man or woman in the market who LISTENS, DEEPLY CONSIDERS ALL SIDES and THEN MAKES STRATEGICALLY-BASED MOVES that are not founded on the words or encouragements of just one or a few voices. Be smart now!!
Major-Exchange Uplisting Puts Marygold Companies in the Limelight
The shares are still quite affordable, Marygold Companies has some intriguing subsidiary businesses under its umbrella.
Investors should consider a moderate stake in the shares while they’re still cheap.
Financially, Marygold Companies/Concierge Technologies has remained on solid ground. The business has a strong balance sheet, with $30,876,434 in total assets as of Dec. 31, 2021.
Moreover, the company’s consolidated revenues totaled $14,105,454 during fiscal 2022’s first half — not too shabby during a time of global supply shortages.
MGLD stock has the potential to trade higher than just a couple of dollars and change.
https://investorplace.com/2022/03/mgld-stock-major-exchange-uplisting/
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I'm nibbling right now with some MGLD buys here at this sub-$2 level.
Until I feel the time is right, and by that I mean when I get a trader's intuitive signal that I can't fully explain but that I've come to accept about my inner guidance, I'll be patient.
I've come to know this innate signal that springs from within that has stood me in good stead over the years. When it tells me something is about to break, even without regard as to price, is when I'll make a serious move to acquire a much larger position.
And on the opposite side of that coin, I can assure you that I also listen to that same inner prompting that tells me when to let some or all of MGLD (or any other stock) go at that particular time.
Benzinga March 17, Best Stocks Under $5
Marygold Companies (AMEX: MGLD)
https://webcache.googleusercontent.com/search?q=cache:U6-YA7IqrbAJ:https://www.benzinga.com/money/top-stocks-under-5/+&cd=8&hl=en&ct=clnk&gl=us
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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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