On August 22, 2016, NIA announced its #1 stock suggestion for capitalizing on the success of ride-sharing apps Uber and Lyft. NIA suggested for its members to short sell Medallion Financial Corp (MFIN) at $5.09 per share. NIA predicted that MFIN would collapse to below $3 per share by year-end.
Last week, MFIN plummeted 22.5% to a new 14-year low of $2.92 per share! NIA’s prediction has already come true in three short months!
At Friday’s low of $2.92, MFIN was down 42.6% from NIA’s August 22nd short sale suggestion price of $5.09 – representing a three-month profit of 42.6% for NIA members who took advantage!