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Tuesday, April 16, 2019 12:37:52 AM
Most BTC stocks are down though, but the Feb 28 filing is what destroyed this stock.
Premature dilution. The guys who run the company don't have any delayed gratification skills.
Letting this stock run to $3+ before diluting would have been the super smart thing to do. This stock had that ability. It's a former runner with a once small float.
Now it's float is slowly growing from 118M to 2.5B
There are bagholders here who are using this as a learning experience. And there are those who aren't:
Never hold. Always have a daily exit strategy, including cutting of losses. Never hold.
I got in the 10s & out in the 10s.
Recent MGTI News
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