Replies to post #7953 on Marathon Digital Holdings Inc (MARA)

[EMI24]

Agreed, Prostyle and great to hear from you. I almost pulled the trigger on a trade right before the close but decided it was best to wait to see if any negative news came out after the close or tomorrow.

[justnkz]

Emi, even if there is no news the company needs to come out and say that. but I have never seen a company take that kind of beating without news and I think the news has been out there for a while.

[EMI24]

Well, at least in the short term, it looks like Postyle was right that the drop to $0.63 presented a great trading opportunity. Now the question is whether the current price at $1.00 still presents the same opportunity? The conference call will be extremely telling in that regard. Doug will need to address the current financial situation as well as (hopefully) provide some rough guidance on the rest of year (i.e., reaffirm his previous statement that revenues should exceed last years). If MARA is able to remove the financial overhang and execute a near term meaningful license, the stock should continue to rebound (perhaps back over $2).