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Alias Born | 05/10/2004 |
Friday, August 11, 2017 12:54:16 PM
All you need to do is watch GDX or NUGT or JDST and you can see behind the scenes hands step in and either buy or sell to send outcomes in the direction that the major worldwide influence peddlers want the "public" to be influenced to believe. The volume in the charts tells the story.
Fact, however, relating to cryptos: because of the absence of middlemen in the picture in peer-to-peer ledger sheets that are decentralized, there is no way for governmental and/or quasi-governmental entities to do to the bitcoin/cryptocurrency world what they can (and do) do to the gold & silver & currency/Forex markets. It is due to the fact that the cryto-ledgers are, by design, decentralized, & as such cryptos are not manageable in the same ways as these behind the scenes players have become adept at in other arenas.
So, as regards MGTI, and a handful of other crypto stinky pinkies.... I believe, (and I could be wrong; I admit that).... anyway, I think that the specifics of the particular stinky-pinky company.... (in our case, MGTI) is less important than the fact that it is a player in this arena at the prime moment of time when the sweet spot in the crypto world is maturing.
MGTI is one of a small handful of stinky pinkies that are regularly generating high enough volume to trade and which have had multiple days recently with a decent percentage daily gain. I trade them. I think that they are not good stocks to own. I look at the entire set as stocks that I can trade on swing trades and on day trades. Simple as that. I'm agnostic about the people running MGTI. I could care less.
Rich people and companies and governments worldwide are hip deep in US dollars that are falling like a rock as the dollar declines in value daily. The exit doors are pad locked by the international control entities. Currency controls. SANCTIONS on this country or that. Blockages constructed to constrict & restrict movement across borders. In this arena, crypto, which are not controlable due to their peer-to-peer nature & their distributed, decentralized ledger sheets, will prosper. Rich entities worldwide will use them in their natural act of self preservation. Simple as that.
Obviously, to the extent that worldwide entities move their dollars into cryptos, the handful of stinky pinkies that purport to be players in the crypto world will benefit.
MGTI is such a stinky pinky.
Thats my read people.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
Recent MGTI News
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/30/2024 10:00:26 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 09:19:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 06:17:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 06:21:10 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/29/2023 05:15:26 AM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 01:30:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/13/2023 04:29:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 05:27:02 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM