OTCPK:MGMXD - Post by User
Comment by
BoldForbeson Apr 24, 2017 4:52pm
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Post# 26159292
RE:Thoughts on sell-off
RE:Thoughts on sell-offRDK241t,
I noticed there might be a floor setting in; when I placed another small order the bid was 10,000+ shares; the ask was 200 shares.
It looks like someone will buy the shares for the right price; an emotional seller might have had enough? Or a long-termer getting tired? Not me!
There was low volume, lack of interest and a low price. Now a little more volatility; feels alike possible set up for a shake out of weaker hands.
Other thoughts:
If the US dollar begins to weaken, this might really help (overseas => Iceland, Canada...) earnings. Earnings being the key word.
They seem to be trying to make a push into the US market; opening a US office in Houston (all be it very small) and starting to add on more projects.
This seems to be a promising entry point, but then again I am have been sounding more bullish lately...
I am continuing to nibble, my position is up over 65% from the last shareholder's meeting. I wasn't sure I would see the mid-to-low $3 US again...but since they are here, I might as well have a few snacks...
I took the risk, we will see if I receive the reward...
BF