MGC: buy, hold or sell?

Hello:

Can I ask your opinion about MGC, it had been sold so heavily today. I know the fundamental is not really good because of the latest announcement, is it time to buy, hold or sell?

A: MGC is not a stock that I follow closely.

History tells me to be very wary of a stock that was so far short of its prospectus forecast that it needed to fire the CEO, and has been thrashed in the market.

It may bounce in the very short term, but the likelihood is that there is more downside ahead over the coming months.

Regards,

Paul


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