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Mark Holder

MGT Capital: Sentiment Remains Incredibly Strong

Despite an ugly tweet war from the proposed CEO regarding SEC violations, MGT Capital (MGT) continues to trade sideways. As well, the stock trades at an elevated price from in the pennies prior to the inclusion of John McAfee. 

Another interesting data point is the StockTwits sentiment levels. Currently, MGT shows a bullish sentiment of 93%.

One has to wonder why so few people are bearish on a stock that soared over 1,000% in a matter of weeks.

Remember that a lot of the benefits to the investors propping up the stock doesn't occur until after shareholder approval of the new CEO on September 8. The stock is likely to remain propped up long after that date. 

Disclosure: No position  

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