the article shared my sentiments about not fearing. -also included that the analyst who downgraded the stock last week has made a largely erroneous determination in Sketchers which proves his unreliability. and the point I liked the most was this. (paraphrased) -Most stock ownership is by traders, not investors. which predicates that the majority of stock movement is caused by the agenda of the giant block shareholders which may or may not have ANYTHING whatsoever to do with the fundamentals of the company. Therefore, reacting to stock movement without empirical data is playing exactly into the hands of the Sharks. If earnings are bad, then so be it. Longs deserve to lose value. But until the ER and guidance, I'm holding fast.
Last quarter was VERY solid by all accounts, yet the stock got punished. Unfounded volatility is simply the way this stock rolls. If the ER is solid again, which there is NO real evidence against, two quarters worth of pressure will be pushing value upwards. Secondly, Options expiration can come into play with any stock. But when you are dealing with this heavily shorted company, a seven dollar drop in a day or 20% in a week is just run of the mill stock bullying. It just happens. just wait and see what happens next week. -return to the 90's I'm betting.
thanks for "taking one for the team"! I just got back in today when I saw it below $80. This exact schmidt happened in early November. There is nothing wrong with this comapany or it's earnings. Just buy low and sell high. It's not that complicated.
It's clear that people are systematically acquiring MOSY shares these last three weeks. Interesting that most of the daily charts show steep increases in the closing minutes of each day. hmmm. My un-scientific guess is that speculators will buy it up to 2.50 and not much higher until the next call.
phil- if you look at the two year chart, you can see that MOSY went from 3.37 to 5.99 from jan.2013-jan.2014 That is very close to a double.
That is why I initially invested in MOSY- Because of the resume' of Len. They are very honest in their conference calls. I am anxious for next report.
Rollamo- You are not feeling my subtle sarcasm. If you go back and read my posts over the last year, you will see what I am talking about. I'm as long as a person can get in MOSY. It's the penguin that's all negative. But none-the-less, I was humored by your witty comment about Lumber Liquidators. Cudos! Hopefully MOSY will explode(in a good way) in 2015 and I can retire from the flooring biz. Good luck Longs!
Mr. gold. I have been re-reading your posts since the beginning of the year and it seems as though you may have had the correct analysis of Mosy as far as 2014 stock price is concerned. Question: Do you believe that MOSY is a bad buy for a New investor at this price level? Do you believe that Mosy will go bankrupt or will survive 2015? I would appreciate your thoughts.
well, they did reinvigorate some volume with that open today. I just cannot fathom why stock is being sold by anyone at this level. if they do not have the stones to see this thing through, they should have sold at $3 not $1.80. It's sink or swim at this point. ...and Len is indicating swim..50k shares is nice, but I would hope to see his buying increase if this craft is truely destined to become airborne in 2015..
Well this stock dropped from over $5 per share to a low of a buck and a half. And the only real "bad news" that was given during that time frame is that the sales ramp is coming slower that anticipated. The news was not devastating by any stretch of the imagination. Moreover, that more waiting was necessary. Yet the stock was minipulated downward some 65%. When I saw how much volume went off the four days after the CC, it seemed fishy to me. Mostly because the reaction was not immediate. There was nearly a 24 window of ambiguity in which the stock price hovered before it took the big dive to the mid ones. The point is that I feel the MOSY tree was severely shaken to remove the shares from those without serious conviction. Now that the big boys are loaded and the spring is fully coiled, it is bound to jump back up to some unknown level. I think the 3's is pretty ambitious considering the news from the call, but I can see it climbing to mid two's before 4th Q call. That's my two cents worth. GLTA