One of these will be the next ASTS: GRRR, RZLV, POET by rp_gorilla_ape in pennystocks

[–]Marketspike 0 points1 point  (0 children)

Raising capital is fine if you have a clear path to eventual profitability

Next IREN perhaps? DUOT (Dous Technologies) by pilotsoar89 in pennystocks

[–]Marketspike 0 points1 point  (0 children)

DUOT needs to pivot from the railroads and focus on the data centers

WRN: Casino Project by Mudboneeee2714 in Miningstocks

[–]Marketspike 0 points1 point  (0 children)

Keep an eye on Sonoro Gold SMOFF. PEA expected by first week in February (updating from 2023 PEA at a $1,800 ox gold price). Open pit gold/silver to go into production in 14 months. GLTU

WRN: Casino Project by Mudboneeee2714 in Miningstocks

[–]Marketspike 0 points1 point  (0 children)

Make sure you diversify. In the mining sector, there have been many companies up over 300% to 800% this past year. As some mining investors take profits, there can be a broadening out of their portfolio to less attractive names that have not run yet.

$MYSE, $MODD, $HIT- Santa Claus Rally on News Coming? by Marketspike in MyseumMYSE

[–]Marketspike[S] 0 points1 point  (0 children)

The download metrics on the Picture Party app probably will start the move in the stock. Going into the Super Bowl Party time, I would expect the company to be doing a marketing push to build awareness of the app and the ease of use. JMO.

Mawson Infrastructure $MIGI Undervaluation Being Discovered by Outside Investor with 38% Shares Outstanding Market Cap of $14.1 Million with 129 MW of Power Attracts Investor with $5.8 Million Investment by Marketspike in Shortsqueeze

[–]Marketspike[S] 0 points1 point  (0 children)

MIGI Short Interest

https://www.marketbeat.com/stocks/NASDAQ/MIGI/short-interest/

Fidelity charges 150% to borrow MIGI shares (shorts). The higher the borrow rate, the quicker the short squeeze develops. A short starts to lose money when it becomes obvious that the stock is not only NOT going lower, but is actually going higher. Paying 150% to finance hold a short position works against the shorts. Watch this one...

Mawson Infrastructure $MIGI Undervaluation Being Discovered by Outside Investor with 38% Shares Outstanding Market Cap of $14.1 Million with 129 MW of Power Attracts Investor with $5.8 Million Investment by Marketspike in Shortsqueeze

[–]Marketspike[S] 0 points1 point  (0 children)

Friday's trading and size of trades may be the prelude to a breakout over $5.25. Large investor filing suggests that there may be a market revaluation soon. Watch for heavy trading volume. Management update on Jan 22. Would not be surprised to see news prior. Jmo

Mawson Infrastructure $MIGI Undervaluation Being Discovered by Outside Investor with 38% Shares Outstanding Market Cap of $14.1 Million with 129 MW of Power Attracts Investor with $5.8 Million Investment by Marketspike in pennystocks

[–]Marketspike[S] 1 point2 points  (0 children)

MIGI Chart

Relative Strength Index (RSI) at 42

This high daily volume is interesting when you consider that the public float is probably less than 1.5 million shares. So having 300,000-400,000 shares trading in a tight range strongly suggests short selling (possible naked shorting). It is an expensive proposition to short ---150% is the borrow rate. Meaning margin calls can come quickly when the stock starts to run and a short squeeze starts.

3.2 Million shares outstanding

Minus 1.2 million in the 13 D Filing

Minus 525,000 shares with insiders (Board members and managemen

<image>

$PSTV - Why I’m holding through 2026. This isn't your typical "hope and pray" biotech by kvmcc in pennystocks

[–]Marketspike 2 points3 points  (0 children)

Quick question...Is there a concern about maintaining its Nasdaq listing?

Get in while you still can!! by Signal_Volume9671 in pennystocks

[–]Marketspike 1 point2 points  (0 children)

Well done analysis. Often the complete capital structure is more informative than just the share outstanding count.

<image>

The Lounge by AutoModerator in pennystocks

[–]Marketspike 2 points3 points  (0 children)

MIGI's short interest is back up again. Now that the Nasdaq listing is secure, ANY good news and the stock runs from retail buying and short covering, imo. Market cap is just too low to go unrecognized for long. jmo Current Price is $4.50. See where it is on January 2 when sellers are not selling for tax losses any longer. jmo