Post by
Asterix99 on Feb 12, 2021 10:50am
Bad pick
Out of all canadian cryptominers in my portfolio, this is the only one that has not moved with BTC to the run to $50K. HUT and Hive have been flying hitting new highs and this one goes down slowly everyday regardless of the price of BTC. HUT had a massive short sqeeze this week. Why is this one a dog? I got in at $1.09 at the end of January. If it goes below $1.25 I am going to have to sell it to protect some of the profits. I was clearly expectiin this to be around $1.70 now, Volume is very low.... What gives....
Comment by
Bu11ish0NG0ld on Feb 12, 2021 10:57am
I have noticed that low volume stocks are manipulated by the market more easily then stocks listed on the TSX or Nasdaq. Patience with holding on to DMGI stock will be necessary for now. I am waiting on the next quarter results before I make up my mind whether to hold or sell DMGI. The next quarter reports will tell the true story of DMGI and I am holding on to my shares. GLTA!
Comment by
Asterix99 on Feb 12, 2021 11:18am
Well, I don't beleive in manipulation stories, if I did I would not be in the stock market. Anyway, HIVE is not listed on TSX and none of them ar on Nasdaq. They are both up 8% today., while DMG struggles. Anyway, I am in it with a stop loss of $1.25. I am counting it will hit $1.50 before it hits $1.25, but I will protect my capital if I am wrong. Nice long weekend everyone....
Comment by
Bu11ish0NG0ld on Feb 12, 2021 12:55pm
DMGI just hit $1.50, now is your chance to sell.
Comment by
Asterix99 on Feb 12, 2021 1:38pm
Thanks. Sold 40K shares at $1.51, 1.52. $16K gain, not too bad. I am staying in HUT and HIVE over the long weekend because I expect BTC to go over 50K by Tuesday. For everyone's sake I hope DMG starts participating in these upward movement of 20% to 30%. Good luck to all