Savvy Trades and Investments

[jtomm]

MICS - I'm wondering if there may be some new way of short selling game that has to do with companies moving from OTC to a bigger market. This is about the third one I've seen where they do an offering along with an uplist. First day of trading on the new exchange the stock is up huge for at least a portion of the day or the whole day. Then it's a big decline way beyond what seems justified, and for an extended period of time.

Look up MGLD for a somewhat similar scenario. The big up day is the day they uplisted.

I know there have been two more stocks like this, but that's the only one I can remember right now. Not sure what's going on with these.