Evidently, we are in a "show me the money" mindset
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Posted On: 03/06/2019 7:45:57 PM
Evidently, we are in a "show me the money" mindset. No matter what the good news is, the stock drifts lower. At this stage its all about sales. Given all the positive developments we have been exposed to, the stock has stuck near its yearly lows.
Which makes it a great opportunity to buy as many shares right now, before the annual report comes out at the end of March.
Usually people average down their positions in a company after bad news. At MCOA, the better the news, the lower it goes. Strange.
One thing interesting, I doubt you will see any insider sales soon. The company can't afford to drop below .01 and stay on the new exchange. This is also why the stock option plan was shelved for now (?).
Which makes it a great opportunity to buy as many shares right now, before the annual report comes out at the end of March.
Usually people average down their positions in a company after bad news. At MCOA, the better the news, the lower it goes. Strange.
One thing interesting, I doubt you will see any insider sales soon. The company can't afford to drop below .01 and stay on the new exchange. This is also why the stock option plan was shelved for now (?).
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