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Bullboard - Stock Discussion Forum DMG Blockchain Solutions Inc V.DMGI

Alternate Symbol(s):  DMGGF

DMG Blockchain Solutions Inc. is a vertically integrated blockchain and data center technology company that develops, manages, and operates comprehensive platform solutions to monetize the blockchain ecosystem. Its business lines are referred to as Core (infrastructure) and Core+ (software and services). The Company operates its transaction verification services business, known as Bitcoin... see more

TSXV:DMGI - Post Discussion

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Post by bubba9 on Jul 15, 2021 11:06pm

Holding

I know that the moment I finally bite the bullet and sell, it's gonna bounce big time. THIS death by a thousand cuts is starting to wear me down. Could double down but I have enough.
Comment by fearlessggg1962 on Jul 16, 2021 12:38am
Bubba, This death of thousand cuts is no fun, I have been there in some other stocks and sometimes licking your wounds and moving on is the right thing to do. I had bought DMGI at $0.10 sold half my position at $0.80 then sold the remaining half at $2.00 then this thing ran up to $5.00. That was an insane move and you never know with these type of stock. I knew then it was over valued at $0.80 ...more  
Comment by bubba9 on Jul 16, 2021 9:24am
I had the same with Shopify. Bought and sold twice and doubled each time. Last sell was $60 and today is $1800.00. I'm heavily into LSPD and won't make that mistake again........This death of thousand cuts is no fun, I have been there in some other stocks and sometimes licking your wounds and moving on is the right thing to do. I had bought DMGI at $0.10 sold half my position at $0.80 then ...more  
Comment by puma17 on Jul 19, 2021 8:17am
You still can "predict" that the value of DMGI is around the $0,40 to $0,50 while you start your DD in the next few weeks..!!! Have my doubts regarding your predictions..!!!!
Comment by fearlessggg1962 on Jul 19, 2021 2:11pm
Hello Puma, You are right that I could be very wrong in my predictions but there are softwares packages available with AI that will give the more than likely price of any given stock based on fundamentals, Technicals and market sentiments. That can be done in a matter of minutes combined with Due Dilligence can be very helpful in assessing a company's value. Just like I said earlier, I owned ...more  
Comment by Bu11ish0NG0ld on Jul 21, 2021 12:30pm
One big difference when you owned DMGI at 10 cents DMGI had about 1 million dollars in cash now at 68 cents DMGI roughly has about 70 million dollars in cash after buying bitcoin mining machines and other investments like Bane Capital.
Comment by fearlessggg1962 on Jul 21, 2021 2:59pm
Hello Bu11shgold, I agree with you that the cash has increased but it is not due to being a profitable company but due to raising capital. Regardless now, the price has increased substentially today and i am not willing to pay that much for that company. So in the mean time i will keep my eyes on it. Regards, Fearlessgg
Comment by Stocks2Go on Jul 21, 2021 4:58pm
Back in March they raised $70 million at $3.00 / share therefore I expect this is the beginning of a retrace towards those levels. 
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