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17:48
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Originally posted by jovialmonk:
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what is 'this'? Do you mean the capital raise (CR)? Also I think you mean 0.07-0.09, if you don't indicate units, then it is implied that you are representing dollars, so please at least try to define what you're talking about. If you indeed are talking about 0.7 - 0.9 CENTS then what is your evidence behind your feeling that it will return to this? There is a lot of support being built up at 0.01 due to CR funds, and 0.011 and 0.012 due to people realising that this CR will likely be OVER SUBSCRIBED so the closest price is 0.011 or 0.012. It sounds a lot like you are trying to time the market which is a mugs game IMO. I would ask you this, what makes you think that that market will drop to 0.007-0.009? in your post you make it sound like a sure thing - you are literally waiting for it... so expect it to happen, what are you basing this on?
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obviously I mean 0.007-0.009. Point I am trying to make, is that in this thread, please include some evidence. Is it just your feelings that you are basing this on? What makes you think the price is going down to those levels? If you don't provide some evidence or reason behind your analysis then it is as good as me asking my grandma. Maybe ill go and talk to her about MGT. If you provide opinion like this, and dont hold the stock, then at least provide some reasoning, otherwise its as good as tea leaves.
(20min delay)