Mark Holder
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Mark Holder in Out Fox The $treet,

MGT Capital: Volume Drying Up

A couple of weeks after the big announcement that John McAfee was going to become the CEO of MGT Capital (MGT) and the volume is drying up. After 3 days of around 80 million shares or more, the volume is on pace for roughly 15 million today. 

The stock is holding up well near $3 so the bull trade is still on, but investors need to be careful that the market will eventually pull the rug out. As the story loses interest, the stock will eventually lose value as the $150 million price tag isn't sustainable with no legitimate sales. 

Disclosure: No position