Every now and then we get a reminder of what the h
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Every now and then we get a reminder of what the high risk; high volatility trading world can be like but when those reminders come it is NEVER fun.
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This is the case with MLGT, which opened at 0.33 – 0.01 cent above the previous close of 0.32. After a solid start and race out to a day high of 0.38 (a delivery of 15% net realizable intraday gains), the play began experiencing a very heavy selloff.
What started pretty good has turned out to be a massive disappointment and we can’t begin to tell you how gutted we are over how things have transpired for MLGT.
Long-time readers of our newsletter will know that we always run a methodical due diligence process before alerting and when we looked at the play the indicators pointed to solid gain potential,
Much of our bullish stance on MLGT was based on the largely positive news released last night but for some reason the market felt differently.
One thing is certain though; we have alerted you to a play that has severely under-delivered on its gain potential. We can’t express our sorry we are for getting it so wrong on this one.
Despite the disastrous showing today from MLGT today we remain confident in a potential reversal.
Breaking developments of the calibre released by the company always find themselves as part of market valuation eventually.
MLGT is poised to do great things as a company and its involvement with veterans is noteworthy.
So for those of you who suffered negative ROI today, sincere apologies.
We hope that you’ll give us an opportunity to redeem ourselves. We are doing a triple-check on our upcoming alert to make sure that no nasty surprise bites us like today’s events.
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