Monday, October 27, 2014

MGON - Megola Inc. Blogger/Analyst Outlook

Today, shares of MGON, Megola Inc. are trading higher by an astounding 88% currently.  This high share price increase also shows that the shares are trading hands at over a penny, which is a barometer to weed out companies with a high number of outstanding shares.  In the medical marijuana industry, MGON is looking to make a name for itself.  Based on sheer trader optimism and momentum, I see this stock going to 3 cents a share in short order.  Beyond that, real revenue and earnings are going to need to come in.  I have no position in MGON.

No comments:

Post a Comment