Poodle....still thinking of hedging your bet on MCZ?
The tape yesterday and today may just be a false hope but the steady easy action to the upside indicates no rash buying or selling....I am definitely holding all shares...Have a profit at this level but not 20%...However I purchased at several low levels and added the other day which bumped up my ave cost.
.....I'm up 20%...but that doesnt mean all that much since my position aint that big. Still, I will sell some or all by days end. Also own GNW which reports after the close....much larger position than BDR, but I have already sold half of it after buying much lower..iin upper fours to upper fives.
well, I'm glad I sold and grabbed the 21% gain. As I mentioned in earlier posts, for the most part the MCZ board has ignored the steep year over year drops in the gaming sector....over 20% in every month of 2012 except one. MCZ has outperformed due to its product cycle, a godawful 2011 with a rebounding 2012. But too many headwinds in this sector with the number of gamers declining.
Anyway...I thought the quarter was underwhelming. And I think it also shows that the method by many on the MCZ board to evaluate its progress by seeing its sku's ranking on amazon, or best buy or whatever...is pretty much a failure. There's some anecdotal stuff one can learn in there, but way too much time spent looking at the growth of individual tree's and not enuf stepping back to see what the whole forest looks like.
Btw, I'm not saying mcz price should or will necessarily collapse. But she doesnt interest me anymore unless it were to fall quite a bit. It still holds its value in a takeover.