MGT Capital Investments Inc. (MGTI)

[Imperial Whazoo]

Nice thing to have pointed out. Sure is a benefit to me & I assume I'm not alone.

If L2 dumps their shares or bleeds them out, we will see either a flash crash (in the first case) or a slow decline (in the second case).

The third alternative is that L2 treats this a valuable holding and decides to stand pat.

My thinking is that the ASIC mining boxes will go on line before Christmas and thus, these shares are golden to L2. They voted, IMHO, to obtain shares rather than to continue to hold the promise of shares in the future. Whats that old saying...? "A bird in the hand is worth two in the bush."

I have no info specific to this GUESS of mine but thats my feeling.

Here's why I'm skeptical of predictions of disaster in this and other stinky pinky crypto stocks that have (or on trackto quickly obtain) a mining presence. The momo in this DISRUPTIVE niche is real.

A look across a wide swathe of stinky pinkies in this crypto world reveals that there is a huge land grab, as it were, going on, where big players are staking claims, with the prime real estate being the ability to mine affordably.

MGTI is thus going to be in the mix because they have a server farm up in Washington and more ASIC mining boxes purchased and coming on line in their 4th quarter. Either that or they are simply lying. IMHO, the filing MGTI just made is a clear repudiation of the stance that asserts that these guys are just scam artists lying like they are members of the editorial board of the New York Times, LOL. They may be liars and they may have a history, but the fact is that they filed in a timely fashion and their report was not as terrible as some prognosticated. In fact, line item compared to line item, they obviously are looking better that they did 9 months ago.

Or, they are just liars and nothing they published is usable as anything other than toilet paper.

So, L2 has a stake in cheap shares, MGTI no longer has this outstanding "debt" hanging over their head ominously, and the industry is truly disruptive & frothy with all kinds of players staking out space from which to attempt to become prime players.

All told, I know I'm looking for candidates with more than a 50/50 chance of becoming winners. I'm looking to differentiate between opportunities and fakes. If they double talk about Sentinal and/or the phone, I'll call their cards. If they actually put the ASIC boxes to work generating Bitcoin, and if they let us know that they also have GPU based boxes working to mine ALTs, that will be positive.

For the moment, I like that they filed and I'm watching like a hawk from a safe distance to see if there is evidence that is a "tell" in either direction.

IMHO, the buyers leave tell tale signs in the volume bars on a 3 minute chart. When there is buying at the bottom of waves, and price climbs after that for a while, it looks like buyers are looking for down points at which to step in. When there is a high volume bar at the top of one of these waves, and prices cycle down, I see this as evidence that there are still sellers looking to maximize their selling points. So, unlike all those who buy on the basis of all the chatter, I buy based on the "volume chatter" showing up on the charts themselves.

Just my opinions.

Imperial whazoo