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.
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