MICT Inc (MICT)

[chemist72]

Nearly 4M MICT shares traded today!

That's almost 50% of their outstanding shares. While a large portion of those shares are surely flips and trades, I also suspect that a large number of those shares are going into more "circumspect" hands that will be holding for longer periods than just a few days or even just a few weeks. Some might even be holding for LTCPs (long term capital gains).

Might have to wait a few weeks to see how things shake out, but a steady to slowly rising share price for MICT is definitely a possibility.

Then, of course, there is always the next big news event that should drive MICT share price even higher.

P.S. While I was writing this post MICT just hit 4M shares traded today.