Replies to post #174 on Moneygram International Incorporated (MGI)

[OTCRIDER]

2.76 - 3.92 shorted to buy calls?

Good luck with that.

[Nebuchadnezzar]

this will move big over the next 6-12 months IMO

kind of want to sell some upside calls, maybe $7.50, but if we break and hold $5, INSTITUTIONS are allowed to start playing with us again and they could move this quite a bit especially with 16% short interest.

assuming the worst is behind MGI in terms of stock price, I just don't know how long I want to hold, especially the way algos can move stocks up and down in integers in minutes.

MGI 200 day is sloping down, so I think after $5 break, lot of resistance around $6-$8 area ($300m-450 million market cap) is not too crazy, $1 billion + is a stretch.