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Re: OTCRIDER post# 174

Saturday, 08/10/2019 12:17:02 AM

Saturday, August 10, 2019 12:17:02 AM

Post# of 905
this will move big over the next 6-12 months IMO

kind of want to sell some upside calls, maybe $7.50, but if we break and hold $5, INSTITUTIONS are allowed to start playing with us again and they could move this quite a bit especially with 16% short interest.

assuming the worst is behind MGI in terms of stock price, I just don't know how long I want to hold, especially the way algos can move stocks up and down in integers in minutes.

MGI 200 day is sloping down, so I think after $5 break, lot of resistance around $6-$8 area ($300m-450 million market cap) is not too crazy, $1 billion + is a stretch.