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