Replies to post #46780 on lowtrade

[Nebuchadnezzar]

I look at the 1 and 2 year weekly charts. I have a core position (10,000 shares) that I will hold for at least 12 months and a swing position (5000 shares) for less duration. I believe this stock will be back to double digits.

[Nebuchadnezzar]

Whether MGI corrects again or not, the trend is up. The OS is only 64 million shares and btwn ripple and another fund, total ownership is near 30-32 million shares. Short interest is also above 15% . anyway you slice it, minus a catastrophic earnings next quarter, this is going to double. Market cap is only 2xx,000,000. Even a market cap of $1 billion is not that farfetched, which gets the stock bwtn $13-$15. Trading with a PE of 11, a PE of 17-22 isn't unreasonable. Could see MGI trade up to $4 today or back to $3.50. shares are being absorbed. Also possible news with Visa is a rumor