Apr. 1 at 5:32 PM
$MGTX is this time different ? I may have even used this headline in the past. We always have trouble clearing
$9/
$10 ceiling and fall back to around
$7. I do think this time is different , however, for the following reasons. 1 ) we have an actual date for the next catalyst. April 16th will be good news on durability and size of market. 2) Short Interest is high (although seems shorts have started to cover since my “save your family “ message). There’s way better shorts out there than this stock, time to move on if you’re short. 3) LLY will be dumping a boat load of cash on us any day now. Market doesn’t react until cash in the books. Stock will go up on this news even though we already know it’s money in the bank. For these three reasons, I think we will finally break that glass ceiling and use that
$10 area for future support. Am I wrong ? Time will tell.
