$heff's $tation of $tocks & $olid DD

[rru2s]

$MGT - going to pop +20% today on news of acquisition of biz that designs slot machines. Strong high volume reversal on news late day yesterday.

Multiple catalysts - applied for NJ casino enterprise license, owns other social gambling companies (sports wagering), and markman hearing for lawsuit against Cesears, MGM, and slot machine manufacturers next spring.

News:
MGT Capital Investments, Inc. (NYSE MKT: MGT) has agreed to acquire Avcom, Inc., a New York City based gaming studio focused on building social casino games for mobile devices under the brand Mobile Vegas. Avcom brings a proprietary software platform for secure gaming, mobile development, and sophisticated analytics, as well as expertise in the areas of digital marketing and real money gaming. Avcom also brings over 650,000 slot machine players from its existing instant win game offerings.