OTCPK:MEAOD - Post by User
Comment by
Watchitgoon May 02, 2017 3:17pm
199 Views
Post# 26194082
RE:The funds are cashing in today!
RE:The funds are cashing in today!investedwolf wrote: They backed out of the market yesterday allowing the bids to build and today they cannot shovel it out fast enough. This is so the Rick Rule strategy which most funds follow. Take the 40% gain off the table and hang onto the warrants for even more upside. With some great news they will short the warrants into the market and with any luck they will get in on the next round of financing!! By the next round of financing they will have a much better idea on the value of MTO. They laugh like hell as they fill all of those retail orders. Does anyone really believe these 40 k sell orders are retail? That means they would have had to hold 400,000 shares of a six cent Company with no money in the till. If you are looking to buy you have to hope that the funds start front running each other on the sell side. Watch closely for more writeups like the one that suggested MTO was a takeover candidate as they need to lead more retail buyers into the stock so they can get off their positions.
That's classy investedwolf - nice to see that you're giving yourself 5 stars and everyone else 1 star! Here's a tip - you should have at least waited a while instead of just after posting so it wasn't so obvious!