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Mad Catz Interactive Inc. Message Board

  • hopeful200 hopeful200 Jul 5, 2013 2:32 PM Flag

    This is looking like accumulation

    I believe we are seeing the expiration of disgusted selling. Sellers are simply drying up. Stock is being accumulated now, IMO. You can tell. Buyers realize that there are still some willing sellers and the buyers are patiently bidding up the price....slowly....to siphon off the cheap shares.

    Everyone (buyers and sellers) knows the score. MCZ is likely to face a couple of poor earnings reports ahead. It's going to be a bit before we see the console transition and MOJO effects start. This tells me we are building a base of holders for what's further out than the next couple of reports. Traders have mostly exited, IMO.

    Anyway, that's my opinion....we are witnessing patient accumulation because there's no need to panic buy....given the probable timetable here. I sure don't see any reason for selling. So, put the two components together.....patient buying coupled with ever-diminishing selling suggests that the stock price will trend up from here, IMO. I think the .40s will become the .50s and the .60s soon.

    Hopeful

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