MTG Ready for Breakout!

NYSE:MTG   MGIC Investment Corporation
Been watching MTG the past week, bought in yesterday at $7. Lots of potentials. Aside from the technicals looking solid - testing resistance 3 times with climbing support in decent volume on no news. MTG just released a "new deck" of cards in the US. It sounds like sales are crushing and they also announced their first-ever online Cash Tournament. This tournament allows for multiple buy-ins and I see the turnout being HUGE. I know nothing about Magic Cards but after doing more research, it looks like they have multiple streams of revenue to make money and the game has been around since 1993. Still going strong! The company not only makes $$ off the physical decks, but players ALSO have to buy cards online if you want to play in the online arena. Interesting company and product here. Will be keeping an eye on!

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