My broker has tkane a bunch of his clients out in the last 30 minutes he asked me I stayed in but he did say he is cutting his positions by 50% this is his move not the market's. I have 99000 and am not the biggest he has so that would throw a few hundred thousan on the scrap heap which will drop the price. It will come back maybe in a couple of weeks depends on the forward statement for Q1/Q2
stock has no reason to go up .. earnings report may be disappointing so being as the market is dropping , this thing wont hang on because its turned into a junk issue until , if ever , the co. starts revenue improvement .. management has totally screwed up everything that seemed positive last yr.
on what news are we tanking!!!!! looks like 1 million shares today, if this happened monday after changing ceo it might make sense.The firing of dutton obviously was for another botched quarter, RIP dutton
Last quarters sales should be horrific, and their cash should have dwindled down considerably as well. Its a question of how will the business be in this current quarter and moving forward. The company's costs are somewhat under control, and hopefully the company can be bought out - there just isn't enough business for players like MTSN to realistically make any real money in this industry any longer.