MGT Capital Investments, Inc., together with its subsidiaries, engages in acquiring, developing, and monetizing assets in the casino, online, and mobile gaming space. It operates through four segments: Medicsight Software/Devices, Medicsight Services, Gaming, and Intellectual Property. The company develops, publishes, distributes, and sells mobile games for smartphones and tablets; develops and produces free to play mobile and social casinostyle games; and owns the United States patents related to casino gaming systems. It also operates DraftDay.com, a daily fantasy sports Website that offers players to participate in real money daily fantasy gameplay for the NFL, MLB, NCAA, NHL, NBA, and professional golf; FantasySportsLive.com, an online portal for fantasy sports news and commentary; and Slot Champ. The company has strategic alliance agreements with M2P Entertainment GmbH; M2P Americas, Inc.; and MGT Studios, Inc. to market and exploit M2P Entertainment GmbH's gaming technology in North and South America. MGT Capital Investments, Inc. was founded in 1979 and is based in Harrison, New York
This is stock is getting a lot of action lately, +24% today on top of the massive gains from yesterday. News was: May 9 (Reuters) - Anti-virus software pioneer John McAfee has been tapped as chief executive of tiny MGT Capital Investments Inc, an investor in fantasy sports and mobile games. MGT Capital said on Monday it would change its name to John McAfee Global Technologies Inc and that it would buy some assets of McAfee's anti-spy software company, D-Vasive Inc. Shares of MGT, which had a market value of about $5 million on Friday, soared 85 percent to 66 cents in early trading.
Any brave soulds shorting this? These kind of moves always whipsaw back down, recent range 1.80 to 1.20!
Don't miss the train this morning waiting for a dip to get on board. New high @ premarket and Friday close held well despite sell-offs.
HARRISON, N.Y., May 16, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) reported today a cybersecurity industry outlook provided by John McAfee, the Company's proposed Executive Chairman and Chief Executive Officer. In conjunction with his appointment, MGT also recently announced the acquisition of certain technology and assets from D-Vasive, Inc., a provider of leading edge anti-spy software. The Company has also entered into a consulting agreement with Future Tense Secure Systems, Inc., a technology incubator with investments in other privacy and security applications, and an ownership interest in a technology incubator, Round House LLC.
Additional gains this morning which I find impressive. I would have thought that profit takers would have knocked it down a bit!
Here we go, first serious intraday pullback. Watch out because when longs start to bail, it will snowball!
I just read an article about it online. How high will it go?? http://www.businessinsider.com/john-mcafee-mgt-stock-2016-5
If you are in, sell a little big at intervals, 5, 5.50, 5.75 etc... No telling when the top kicks in, but dont be left holding the bag when it all drops.
This thing has so much momentum and following now that it could be $6, $7 or even $10 by the end of the week. Just be aware that this kind of move ALWAYS ends up reversing HARD!
