MGN Megan Holdings Ltd.

$MGN Less than an hour remains until the RTH. Once it starts, the ticker will likely be included in the SSR list instantly, as a stock becomes eligible for the SSR once its price drops more than 10% from the previous close during the RTH session, even if it increases afterward. This means shorts will not be able to fill the National Best Bids to sell, which may have a double-whammy effect on them: First, it makes new shorting harder; second, and probably more important (as there are likely many open short positions), existing shorts who want to cover can't rely on new shorts to fill their bids until the weekend after today's RTH starts, as the SSR also covers the consecutive day after it is triggered. As new shorts try to sell short via asks and existing shorts try to cover by filling those asks, short selling will shift from liquidity-taking at the bid to liquidity-providing above the NBB.

$MGN The blue line shows the WTD VWAP. Since 11 am yesterday, a MASSIVE DISCREPANCY BETWEEN the VWAP and the ON-SCREEN PRICE has started to form. One can clearly see how low the pullback volume is compared to the rally's. Both yesterday's and today's off-exchange short sale volumes were more than THREE-FIFTHS of those trades. The number of available borrowable shares on IBKR has dropped by more than 1.9M since June 25, and this is data from only one broker. There are likely millions of open short positions. Do shorts really expect that people will believe that there is a genuine exit after seeing all those low-volume trades, a notable portion of which were short sales, that aim to drive the price down and trick holders into selling their shares, and seeing how the on-screen price has diverged from the VWAP? By continuing to short-sell and to carry a significant quantity of short positions, they may just be laying the groundwork for a potentially fierce squeeze. (Nfa) $ACVA $SURG

$MGN Just a trade with a value of ~$41 (0.1354*300) was capable to increase the on-screen price by ~8.6%. Given that a subset of Level2 data shows the ask size above $0.55 constitutes a portion higher than 80% of the subset's total ask size, and if it is a proxy for the ask distribution of all the order books, it may suggest a high price elasticity with respect to the order flow, where even a limited quantity of demand, either from shorts covering or bargain hunters, may trigger potentially substantial moves. (nfa, dyodd) $RETO $MEDS

$MGN also interesting , more of a wild card Impending 1-for-30 reverse split sparks speculative premarket surge in low-float

$MGN 5 million volume, down 15%, shorts not covering…not a good time to be a bull. Join us on the short and get this delisted already

$MGN Pullback on 40SMA 60' chart, in red a potential buy area- Bought few stocks 40000 at 0.1827 avg 😎🤞

$MGN $JAGX showed how quickly a micro-float can move when volume arrives. MGN’s reported float is about 872K shares, still under 1M. Different companies and setups, but with sustained volume, limited supply can make price move quickly. DYOR.

if you missed that 700% profitable run on $MGN from this morning dont worry TWG is next loading 0.50

$MGN I’ve been waiting for this one to pop, just look left on the chart, it can get going quickly

$MGN The short will forfeit all their gains. The first to fall will be the shorts below $4

$MGN the bears can’t get it to .20 with this look, I’m heading out for the weekend and not worried about checking back in. Be back Monday for more

$MGN Guys...obviously I sold it in AH at 0.207-I'm not keeping that junk overnight. At the open I will decide ...only intraday trading with this kind of stocks 😎👌

$MGN if you sold for a loss and didnt just wait for the cover and squeeze you’re dumb.... RS in a week it will be even more volatile. just hold the f'n stock goofy

$MGN I still have my 100000 stocks at 0.1816 The price is still in buy area of dominant time frame-

$MGN it is so evil that this company did what it did lmao. Cancel RS, have fake numbers and low float, trapped everyone and now the float is huge for the RS next week 😭😂🤪 No recovery for bulls. This will make mega losers

$MGN it’s all about quality not quantity… You can be like Top and throw out multiple stocks each day and odds are one is gonna do well and then brag and brag and brag about how great you are yet when you pump one like this and it goes down, he just disappears 😂😂😂😂

$MGN im telling yall at $WFF lol $MGN is next its already up 14% soon to cross 4...get in if you want a repeat

$MGN I might be overly optimistic here, but I see some great potential. We’ve seen some healthy spikes above $5 the last 48 hours. Holding this $3.60ish level pretty solidly. Great cash to debt ratio (30mill to 3mill) and high Book Value relative to stock price $29 to $3.60ish. If you have been playing micro cap low floaters for any amount of time, this is the kind of setup that explodes a day or two after reverse split (RS was yesterday. After hours today perhaps? I am buying my lotto tickets now. DYOR, NFA, etc.

$MGN when someone is ignorant and stupid , no wonder he loses money. If you have nothing good to say shut it haha . $MGN for the win, go cry else where

$MGN Tomorrow, MGN will tank 50% after the split. You guys are stupid to buy this and hold into tomorrow.