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MIGI Looking Primed for move imo
MIGI.........................................https://stockcharts.com/h-sc/ui?s=MIGI&p=W&b=5&g=0&id=p86431144783
MIGI.................................https://stockcharts.com/h-sc/ui?s=MIGI&p=W&b=5&g=0&id=p86431144783
MIGI...............................................https://stockcharts.com/h-sc/ui?s=MIGI&p=W&b=5&g=0&id=p86431144783
MIGI...............................................https://stockcharts.com/h-sc/ui?s=MIGI&p=W&b=5&g=0&id=p86431144783
MIGI......................https://stockcharts.com/h-sc/ui?s=MIGI&p=W&b=5&g=0&id=p86431144783
MIGI.............................................https://stockcharts.com/h-sc/ui?s=MIGI&p=W&b=5&g=0&id=p86431144783
MIGI........................................https://stockcharts.com/h-sc/ui?s=MIGI&p=W&b=5&g=0&id=p86431144783
MIGI..........................................https://stockcharts.com/h-sc/ui?s=MIGI&p=W&b=5&g=0&id=p86431144783
There is obviously some sort of problem there. In hindsight, it was a real blessing for me that I had that limit order in to sell at $4.25 on January 11th. I was kind of disappointed when it ran up from there to the $4.40's, but it dropped back quick. Have been thinking of getting back in at some point, and will look at it harder if it dips below $1.00.
I got out a week ago and don’t know what’s up but will look into it
Any insight why MIGI is getting shorted/ hammered while Bitcoin is at recent highs
Even at their 170 production run rate they will
Make over $7 million in February and potentially over $8 million in March that’s over 60% of the market cap in 2 months. Even after halving 170 coins a month will still produce over $5million or 2 1/2 times the market cap?
What am I missing ? Shorts are winning for now !
Any insight why MIGI is getting shorted/ hammered while Bitcoin is at recent highs
Even at their 170 production run rate they will
Make over $7 million in February and potentially over $8 million in March that’s over 60% of the market cap in 2 months. Even after halving 170 coins a month will still produce over $5million or 2 1/2 times the market cap?
What am I missing ? Shorts are winning for now !
This article raises some very interesting points with regard to the current situation with MIGI.
https://www.reddit.com/r/Shortsqueeze/comments/1atehhj/opportunity_knocks_on_a_short_squeezeminer_migi/
Took a position
Thanks. Someone may know something we do not know. I have made serious $$$$$ here twice trading in and out of MIGI, but it may be time for me to move on also.
I won’t post anymore here for a while, time will tell as it’s currently trading like it’s an inverse of BTC price, GLTA
- CVT
Very strange. Something is not right. In retrospect it was a blessing I had that limit order in to sell everything at $4.25. If it dips back below $1.50 I will dip in again, and if it goes back below $1.00, it may be back up the truck time. They just signed another co-location agreement which, with the other recent one, replaces the Celsius machines that were pulled out. MIGI has plenty of power so it is a win-win for them.
Bogus report and the shorts are winning
This is getting very ugly !
That monthly update can’t get out soon enough.
2 Months Ago BTC Price was Lower and MIGI was Double Current Price, Tick Tock
Now its the other way around , Not all will make it thru Halving
You may have seen it on Fidelity but they did not generate it. It appears to be AI generated and is attributed to a firm no one has ever heard of and for which there is no available information. Can you say "Buying Opportunity"?
Good evening
A sell rating came out yesterday on Fidelity
It appears to be a computer generated report that contains old, out dated information.
Could be part of the reason for the sell off.
Hopefully the January update will turn the tables back in the right direction. UP!
Yes, this one will likely catch up to other upswing moves its peers have had, good opportunity down here imo
I agree. Am looking at it again. In the interest of full disclosure, I pulled up our account one morning and noticed that a GTC limit order I had in to sell all of our MIGI at $4.25 had hit back on January 11. At first, I was disappointed as it ran up to $4.40 or so that day but in hindsight it was positive. Am watching it again, in particular after the positive news out last week on yet another new co-location agreement. that will produce monthly recurring revenue.
MIGI Oversold Compared to BTC Price imo
Rocket Ship Mode resumes. +23% today. With MIGI trading just under $4/share I removed the sticky post from less than a month ago (12/13/2023) with the $3 price target out of H. C. Wainright
Agree. But may have run up too far too fast, and is consolidating here, taking a breather, and building a new higher base for the next major leg up.
$4.34 +47% just today alone, with new 52-week highs being set by the minute here this afternoon. There is no stopping this juggernaut right now.
Right On PC. Imo any pullbacks will be retail then by end 1Q pb by funds/inst. we shall see , tho Exciting Time in the Green
$3.59 +21.7% - MIGI is an absolute rocket ship right now and should continue to rise with other BTC miners. The entire sector is on fire right now, and it should get even stronger with the SEC's expected approval of the Spot Bitcoin ETF right after the 1st of the year.
No. +120% YTD, and +472% in last 3 months.
She Wide Awakie Today ….Good Day
Don't worry mate, next week she will erupt like a volcano
$2.08 +42.5% here today for MIGI.
+32.5% today. News out after close yesterday was positive, and MIGI has now replaced all of the Celsius colocation capacity and then some.