What I Think McAfee And MGT Are Building May 19,
Post# of 23071
Posted On: 05/20/2016 3:45:30 PM
What I Think McAfee And MGT Are Building
May 19, 2016 12:08 PM ET|
About: MGT Capital Investments Inc (MGT)
Aaron Faulkner
Aaron Faulkner
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(128 followers)
Long/short equity, contrarian, tech, internet
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Summary
After seven consecutive days of gains, MGT's rally ended with shares down 36% on Wednesday.
John McAfee may prove to be a white knight for investors if he can attract institutional interest, but until then, investors are only guessing at what may be developing.
Speculators will have to be patient until there is a complete financial picture for the re-branded MGT.
I'll bet most of you weren't aware of the charismatic millionaire behind one of the world's most impactful software innovations, McAfee Antivirus. This sometimes bizarre yet successful businessman has had an appetite for the extreme. Today, as he is thought of as something of a legend, John McAfee is currently cultivating interest in the small-cap universe by potentially pumping his new company, MGT Capital Investments Inc (NYSEMKT:MGT), to the network security and privacy crowd.
Through my new company, John McAfee Global Technologies, we are going to work vigorously on finding vulnerabilities in every avenue possible. -John McAfee, Hack Conference
That may be what my fellow contributors have written about this week! With that in mind, I am not looking to entice anyone to buy MGT at its current level, nor am I asking you to sell your position. What I am asking you to do is examine an objective reason for a long position. Due to the volatile nature of this stock, I'll begin with the bearish argument that has correctly called Wednesday's correction.
May 19, 2016 12:08 PM ET|
About: MGT Capital Investments Inc (MGT)
Aaron Faulkner
Aaron Faulkner
⊕Follow
(128 followers)
Long/short equity, contrarian, tech, internet
Send Message
Summary
After seven consecutive days of gains, MGT's rally ended with shares down 36% on Wednesday.
John McAfee may prove to be a white knight for investors if he can attract institutional interest, but until then, investors are only guessing at what may be developing.
Speculators will have to be patient until there is a complete financial picture for the re-branded MGT.
I'll bet most of you weren't aware of the charismatic millionaire behind one of the world's most impactful software innovations, McAfee Antivirus. This sometimes bizarre yet successful businessman has had an appetite for the extreme. Today, as he is thought of as something of a legend, John McAfee is currently cultivating interest in the small-cap universe by potentially pumping his new company, MGT Capital Investments Inc (NYSEMKT:MGT), to the network security and privacy crowd.
Through my new company, John McAfee Global Technologies, we are going to work vigorously on finding vulnerabilities in every avenue possible. -John McAfee, Hack Conference
That may be what my fellow contributors have written about this week! With that in mind, I am not looking to entice anyone to buy MGT at its current level, nor am I asking you to sell your position. What I am asking you to do is examine an objective reason for a long position. Due to the volatile nature of this stock, I'll begin with the bearish argument that has correctly called Wednesday's correction.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'