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Mitek Systems, Inc. Message Board

  • mtheis17 mtheis17 Jul 22, 2013 9:42 AM Flag

    MMs used to make it move up to get sales

    now they make it move down and people are just selling. Dumping this bad boy before earnings . Sucks that I was up over 50% before the secondary. Oh well, gotta take profit before I'm completely under water.

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    • Your situation is exactly why the shorts bought the secondary they go under water at $5.25...just saying...the damage is kind of baked in, The damage to longs such as yourself is the remaini g threat to going many people still green will take out what they got left that might still be green. Debello kind of hurt the longs who are now wondering what to do. I am holding as I like the technology. I think you should consider longer term potential.

    • " Oh well, gotta take profit before I'm completely under water."

      I don't think making decisions on that basis is how expert investors make lots of money. To buy or sell a stock should always be decided by risk vs reward. If you think a stock has more downside than upside, sell it. If more upside than downside then buy it or hold it if you own it.

      Now how someone arrives at the risk/reward outlook can vary. Some do it on a technical basis and some on a fundamental basis and some on a combination of both. But whatever method you choose, never should it be strictly on an emotional basis. That will always be a losing method.

      • 2 Replies to commoncentsinvestor
      • every earnings report is risky with MITK. I think if they beat or have any good news the stock will pop. But if they lose I think it will drop by a lot more. Investors are waiting for that quarter when MITK finally reports that the future will be profitable, and more importantly, that their strategy works. Now, I plan to have shares during that quarter which is why I'm still holding half of my shares, but I don't think it'll be this quarter. Thursday should be interesting.

      • What a strategy! Makes way too much sense. I like people like dow and mtheis though, because they give me buying opportunities even though all the new information is positive. Oh look, I may have just bought the last of mtheis' position ahead of the earnings catalyst... lucky me!

        Sentiment: Strong Buy

    • stock tanks on 500 share sells. What a joke the MMs have made of MITK.

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