I always question the rationales of anyone who overtly asserts a "BUY" rating on any stock. While I hear this constant type of hype daily on the major cable financial news outlets, this especially holds true with stocks like MGLD, its stockholders, and stock info services like "Investor Place", etc.
If one just simply looks at the facts (and I have decades of market experience tracking this) one will see something rather eye-opening: Rarely after a "BUY" recommendation (which is the pervasive one I see here) is given by a stock's proponent does that stock actually move in that hoped-for direction in a timely fashion.
MGLD, formerly CNCG has been around since I was in my thirties and it has only been recently that any kind of significant price spike has allowed loyalists a brief event with which to cash out. Luckily, I made my earlier money on CNCG when it was selling as low as $.003 and I twice sold all my millions of shares on run-ups of $.04 to $.055. Made a TON and thanks to an angel on my shoulder, I somehow stayed away from getting back in again. However, folk were still hanging on telling readers that CNCG should be at a quarter in no time.
Fortunately I did my later acquiring (after the reverse splits) gradually over many, many months while CNCG was between $.65 and $1.20, so I fared darn well again on the recent spike. But even then, back 4 - 5 years ago or so, I confronted CNCG management about several key unaddressed issues to the point where they wouldn't respond to the unusually pointed and incisive questions they obviously were not ever asked by other folks.
But what is to be said of the thousands of constant "BUY! BUY! BUY!" posts for CNCG seen here during the last 20+ years?? Did those shareholders who followed that erroneous advice and, who went through TWO reverse splits (a 1-for-10 and a 1-for-30) totaling a 1-for-300 actual scenario, ever actually make a profit??
With all this said, guys and gals, resolve right now do your own thinking/investigating based what your deliberations on MGLD reveal to you about buying and then when you decide to sell at various points.
We will probably never see MGLD at $.60 levels again, but BEWARE!!. Nothing goes up forever in a straight line. MGLD may be a $25 stock someday, but how you take profits at certain key times based on far more factors a smart trader ferrets out than one will find spoken of here on this board, is what will make you a success.
All of this is up to you and to your level of commitment to be the uncommon man or woman in the market who LISTENS, DEEPLY CONSIDERS ALL SIDES and THEN MAKES STRATEGICALLY-BASED MOVES that are not founded on the words or encouragements of just one or a few voices. Be smart now!!
