Replies to post #32505 on MGT Capital Investments Inc. (MGTI)

[JoeWo]

This morning's news not good - - "You will incur immediate and substantial dilution as a result of this offering. After giving effect to the sale by us of 17,500,000 shares of the common stock offered in this offering at the offering price of $0.03 per share, and after deducting estimated offering expenses payable by us, investors in this offering can expect an immediate dilution of $0.024 per share. See “Dilution.”"

[Go_Getter]

You seem like a good guy:

Buying with the intent to hold for 2 years is a terrible, absolutely terrible, worse than trash method. That goes for bluechip stocks too.

Buy/hold for 1-2 years = Strategy of Hope

A year ago, MGTI was roughly 1.70...today it's 6 cents. Two years ago, MGTI was roughly 75 cents, today it's 6 cents.

Vast majority of traders here are here to be profitable. It isn't cool to continually lose money, that's what will happen when you adopt the strategy you're recommending.

The most profitable strategy for most stocks is to get in on a catalyst, then get out within the day/hour/few minutes locking in the profit. And do that repeatedly.

You're welcome.

[hobowilly]

Yeah, that's all well and good advice if you are dealing with an exec team and BOD with a degree of integrity. i.e. IBM, Apple.

You cannot possible propose that this bunch of scam bagging thieves in the OTC swamp have an ounce of the morals and ethics and the same sense of fiduciary responsibility to shareholders as IBM and Apple. You want guaranteed but perhaps lower ROI you go with the big boards. Investment strategies have to be much different here in the swamp.

If you apply the same investment strategies on legitimate board and the crap here in OTC you are certain to go broke, and quickly. There is no such thing as a "two year hold" in the OTC. IMHO