Replies to post #21683 on MGT Capital Investments Inc. (MGTI)

[lineItemVeto]

"nodummy" provided this picture of MGTI's current situation and future.
It's worth reading

Post #20665 of 21684

The float hasn't grown since the pump&dump from back in May and June during the super high volume the stock was seeing at that time. With the float staying the same size MGTI isn't going to suffer any kind of fast death. It will be a slow death over a long time barring an SEC suspension which I'm not really expecting even though I think it would be well deserved.

A float of 23.8m is still small enough that anything that brings in volume (positive or negative) can still move this ticker well up or down for some nice profit opportunities from the long or short side for day traders. Any ticker with the price history of MGTI will remain on day trader's radars for a long time for some kind of catalyst that might create a new profit opportunity.