Magic Empire Global Limited (MEGL) News

Nice cup 

Double up.63 10m float

MEGL new 52 week. Low

MEGL new 52 week low

MEGL new 52 week low

MEGL new 52 week low

MEGL new 52 week low

MEGL 10Q due 4/15

MEGL 10Q due 4/9

MEGL 10Q due 4/2

MEGL new 52 lo

MEGL wash trade candidate

MEGL new 52 week low

no volume.. ill wait another week or so

Something is going on but we don’t know yet:)
Good luck man

volume then price. if the volume can stay above avg.. i think there is something brewing.. but fundamentally speaking. im in blind

Somebody put a chop stick up our wonton hole today

The 13g shows couple of guys buying 5 and 6 million shares. Hope they bring it back. It’s a holding company that is worth less than its original investment

oh i guess a few cents is hard to get excited about but maybe they are back to profitability and the insider buying forecasts good earnings..

I hope so
Started buying around $22 and got my average down $8. Thought it would have dead cat bounced but it didn’t.

we are going to make money here.. Chinese gov in big push to prop up their mkts.. a whole lot of buying going on and a whole lot of shorts gonna have to clear out

Seen a few large buys. MM are trading 6 digits when you and I can only buy 2. Liquidity issue

maybe with know now why the spike an recent volume upticks.. huge insider buys

I have no explanation
Maybe it’s good for Monday

hey that is some kind of volume anomaly... maybe it heralds a little bit of a run here. im not sure what i got into but that volume is either going to be followed by more and we stay liquid and in play or it was just an exchange of dead money from some to others...just a blip and done...

thanks a lot .... its tough to be right more than wrong in this game

Don’t worry man you have great average compared to me. Went from like 120 all the way down to 10 and I thought it would dead cat, but it didn’t lol. Hope you make some coin:)

i dont know .. i took a shot in the dark.. bought 1000 at .94. not doing so good but will hold for a while

What’s happening??

Well that didn’t turn out like I thought it would lol
Suppose it could have been cover volume idk??

It’s gonna run Monday
Didn’t see the volume Friday

https://www.bloomberg.com/news/articles/2024-01-23/china-mulls-stock-market-rescue-package-backed-by-278-billion?srnd=premium-asia

Bloomberg saying Chyna going to inject $280 billion into their market.

THANKS, Timmy!!!

HAPPY NEW YEAR TO OUR ONE AND ONLY CHAIRMAN, HOPE 2023 WAS GOOD AND 2024 WILL BE BETTER. THANK YOU FOR THE INSIGHT, WILL FOLLOW ACCORDINGLY. CHEERS

FYI about that webpage
It resets every morning with the top 200 percent gainers a few minutes before 9 EasternUS
The quotes are delayed until goes real time at 9:30

Barchart doesn’t include stocks priced below $2 in the list
If an issue priced below $2 rises above $2 during the regular hours it will appear in the list
If it declines under $2 it will be deleted from the list

Over time you will notice the best percent gainers for the day will be priced well above $2 from the get go, although there have been random exceptions

Thanks
Good tool

Bookmark this webpage and view it throughout the trading day
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

Government needs that money via market makers. 2021 x10 coming

$MEGL
https://x.com/hannahadad8890/status/1740866349336035625?s=61

WOW!!! That's a post!!!

Hundreds of Stocks Have Fallen Below $1. They're Still Listed on Nasdaq. -- WSJ

8:30 am ET December 3, 2023 (Dow Jones) Print
By Alexander Osipovich

Hundreds of stocks have broken the buck this year, following a slump in the once-hot market for buzzy startups seeking rapid growth.

As of Friday, 557 stocks listed on U.S. exchanges were trading below $1 a share, up from fewer than a dozen in early 2021, according to Dow Jones Market Data. The majority of these stocks -- 464 of them -- are listed on the Nasdaq Stock Market, whose rules require companies to maintain a minimum share price of $1 or risk being delisted.

Investor-protection advocates say many of these sub-$1 stocks belong to risky small companies that should be on the over-the-counter market, the traditional home of "penny stocks" not ready for the prime time of Nasdaq or the New York Stock Exchange.

But instead of being delisted, the companies are maneuvering to maintain their Nasdaq spots -- alongside blue chips such as Apple and Microsoft -- as long as they can.

"Any company that looks to list and remain listed on Nasdaq must satisfy certain requirements," a Nasdaq spokesperson said. "Our rules, like any other exchange, are approved by the Securities and Exchange Commission and provide specified periods for companies to regain compliance with the applicable requirements."

Companies with a share price below $1 can stay listed more than a year before Nasdaq kicks them off. Largely owing to the pileup of stocks below $1, around one in six Nasdaq-listed companies is running afoul of the exchange's rules, Nasdaq data show.

"Exchanges are supposed to be gatekeepers and list only bona fide companies that have investor interest," said Rick Fleming, a former SEC investor advocate. "If a bunch of companies aren't really meeting those standards, it undermines the seal of approval that the exchanges are supposed to be imparting."

Many of today's sub-$1 stocks went public in 2020 and 2021 during a boom in initial public offerings and deals with special-purpose acquisition companies. Mergers with SPACs were a popular way for startups to go public until a regulatory crackdown in 2021 slowed the SPAC craze.

Nasdaq's website lists 583 companies that are "noncompliant" with its own listing rules. Besides falling below $1 a share, common reasons for companies to become noncompliant include failing to meet minimum targets for float, stockholders' equity or number of shareholders.

AEye, a maker of sensor technology for self-driving cars, is on the list because its shares have been stuck below $1 for nearly a year. They closed at 15 cents on Friday, down more than 98% since AEye made its debut on Nasdaq through a SPAC merger in August 2021.

The company plans a reverse stock split before the end of this year to regain compliance, an AEye spokeswoman said.

Reverse stock splits have surged as struggling companies seek to boost their share price above $1. There have been 255 reverse splits so far in 2023, up from 159 last year, according to data provider Wall Street Horizon.

Some investors view reverse splits as a black mark on a company's reputation, so companies often avoid doing them until there is no other choice.

Under Nasdaq rules, a company whose shares fall below $1 for 30 days gets a warning stating that it is noncompliant and has 180 days to get its share price back above the threshold. At the end of that period, many companies get an additional 180-day grace period if they say they are considering a reverse split or some other way to get back above $1.

At the end of the second 180-day period, companies can still avoid getting kicked off Nasdaq by requesting a hearing to appeal the delisting decision. Until the hearing, they won't be delisted. Companies must pay Nasdaq a $20,000 fee for the hearing.

Some of the sub-$1 stocks have enjoyed bursts of heavy trading volume as individual investors pile into them, driven by social-media chatter.

Inpixon, a maker of location software for factories and warehouses, unleashed a brief trading frenzy this summer after announcing a merger, even though it is a relatively obscure company whose shares have traded below $1 since January.

On July 25, about 267 million shares of Inpixon changed hands -- representing 2.7% of the shares traded in the entire U.S. stock market that day and more than 300 times the previous day's volume, according to Bloomberg Intelligence. On Friday, Inpixon closed at 7 cents a share.

Nasdaq has required listed companies to maintain a $1 share price since the 1990s, though it suspended the rule during market crashes in 2001, 2008 and 2020. The NYSE has a similar minimum-price rule on its flagship exchange. But the Big Board has far fewer companies trading below $1, because Nasdaq attracts the majority of companies with small market caps, which are more likely to fall below the threshold.

The recent surge in exchange-listed stocks trading for pennies raises concerns about market integrity, said S. Ghon Rhee, a finance professor at the University of Hawaii and co-author of a 2011 academic study on Nasdaq's $1 rule.

"When it comes to risks associated with stocks falling below $1, our findings suggest that noncompliant stocks were much more vulnerable to catastrophic losses," Rhee said. "Investors could have their entire investment wiped out."

Write to Alexander Osipovich at alexo@wsj.com

God damn lol

A stonk not a stock

Scratch off ticket

I’m in the camp who views these Asian shit stocks that have gone public since March 2020 as complete charades subject to manipulation from time to time
Not investable

I’m in the camp who views these Asian shit stocks that have gone public since March 2020 as complete charades subject to manipulation from time to time
Not investable

I wondered……kind of petered out.
Never know next year we might make some coin on this one.

Lot of wash trading today and yesterday in Asian shit stocks
Is what it is
Won’t last

Volume