Marygold Companies Inc (MGLD)

[streetwise2021]

Today's 600,000+ shares traded of MGLD should give a roadmap to the wise as to how this stock should be dealt with. Anytime you see a stock open and then close at around the same price with a rather large bump up in price somewhere in the middle it tells you something.

There was definite public buying interest that pushed MGLD to almost $1.80, but not enough to keep the short sellers from using the old "walk down" routine that is used consistently and unabashedly on every stock. (BTW, they can also play the opposite side of the game with the "walk up" gambit to encourage buying that they can then later short!)

Does anyone here honestly believe that it was solely the public itself that pushed MGLD all the way back down almost to its opening price by end of day?

The current climate in which MGLD finds itself is good for accumulating shares on the lows and then being willing to wait for times where one can sell significant blocks of shares into the public's demand and, coupled with the shortsellers' panicky escape plans, will then drive the price and volume into orbit.

Be patient. MGLD will give you those opportunities.