MGT share price, page-2265

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boonc238

44 Posts.

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13/02/21

20:11

Post #: 50961683
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Originally posted by Fortnite: ↑

Now, I know this is not what anyone wants to hear on the thread, but, I actually think we are in for a bit of pain now for about 4 weeks or until some news starts to flow again.

This is what happens when you attract the wrong kind of people to a stock. The traders have absolutely torn this to shreds and we have no integrity left in this cycle or trend at the moment. However, we will get there investors, just not for a little while. I probably did not help by stacking the sell side but we need to get rid of the traders, sooner the better.

Anyway, look, the same thing happened to me on TAO. This stock I brought in at 20 cents and it took off to 40 cents and the traders raided it and tore it to shreds. The share tanked backed down to 20 cents and I still held because the valuation told me too. But, now look where it is today! Ha..Ha..to the traders 65 cents and it will go to $1.00. This is not a cross promotion either, just an example.

If your a younger investor and are worried, do not panic and take a loss, just to rotate into another position. The fact is the valuation of this company is way above where we are sitting and you will have to be patient for your return.

Watch if it drops and average out a little, keep your eye on the MACD and RSI for some help. We still have plenty of cash and a great guy running the show and he will prevail with this mine and company. I believe in him and most investor do!

Remember this is just my opinion, and do not want to see the younger guys get burnt by traders or the muscle. I was there once to starting out...so trust me when I say. BE PATIENT and always spread yourself out to absorb any fluctuations in your portfolio.

Have a nice day!

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Great trader psychology analysis but did you sold your portion of shares and trying to get them back below 2 cents? No disrespect but that’s just what it sound like to me.

I’m still holding tight on my 3.4 mil units and have yet sold a single share even the traders got in the way. Just my opinion, don’t take it too personal.

MGT Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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