Usually these selling temper tantrums last from 3 to 5 days as the sellers express their dissatisfaction with earnings miss or bad news. The emotion is, I hate this company and get me out at any price. I don't want to hear anything more about this company. When these so called investors were 5 years old and unhappy they would lie on the floor, kick their feet and scream. Now they sell at any price. In the case of MCGC they sold from 2.75 on down.
Excuse the spelling error for tantrums. What do I suggest that the mature investor do? Wait about 2 weeks. If he decides to sell do it then - probably at a price north of $3. However, he may want to hold because at $3 this is only 30% of NAV and about 45% of NAV excluding Broadview. Remember, the dividend has not been cut only deferred to 2009. MCGC should be able to earn at leat 10% on good NAV.