Not saying he isn't making a wise decision. He is. He obviously doesn't think the stock will gain value over his need for cash for other investments. Also, released today was A boat load of stock options. All at 9.11 (hmmmm interesting number).
1.5 million shares in the low 9's. Guess he isn't all in on the turnaround... Clue you in here. Last time they started dumping the price free fell. Wow, 1.5 million shares....
Although I'm not buying into the bottom at 5 theory... We will see mid to low 8's, maybe even break through 8... Not that I watch this stock or anything.
Back the truck up and start accumulating sub 9. Heavy accumulation at the sub 8.50 range. Remember we will get Q1 results (loss) and a better picture going forward in May. Hoby probably sand bagged the estimated range for EPS. They are in the midst of a total overhaul of their social / digital / marketing efforts.
I'm not saying we are not going to slide up past 10 at times, but the range for the next 3 months is going to be 8-10 give or take 10-20% (how about that for vague!!!).
There is a huge influx of media and investor buzz going on, that will buoy this stock information awhile.
Remember the flioat is itsy bitsy and insiders hold 40%.
I'll be watching for some entry points and loafing up again.
There was some great input from most on this board, I agree with you Jim. I appriciated your take on this stock as well. Havering said that, although I am also out (at a loss), I intend to buy back in at some point. I think this stock will be much higher in 2015/2016. This will be based on growth and return to profitability. This really intrigues me as a buffer against the broader markets selling off or the "bubble" bursting. IMO
Sold out around 10 (couldn't trade this morning) I'll buy back in when it settles back under 9. Still believe in the company long term. Just think it got ahead of itself. We should see another large pop in May when Hoby hits the stage again in the Q2 earnings call. Thirteen million shares churned today.
I held through earnings. I said it would be over 9 after earnings (and it has and will). It's a buy at anything under 9. Accumulation has been a winner here for 3 months now. Just saying.
I stayed off the boards as it has been just a bunch of bashing and self serving posts as of late.
Stay the course... Hoby, Walmart, Womans Line, International and Gaming Growth....
This is heading to 9 before earnings.
That buy at 8.02 was a gift.
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Number of likes (read loyal customers) on FaceBook. This number has been steadily increased by 10,000 per month over e last year (actually 6.5% increase in 2013). No doubt there is increased interest internationally. These numbers do jot include the ever increasing Twitter following as well as Instagram. Astro Gaming crossed 100,000 on FaceBook recently and is increased by over 25% last year.
When these numbers STOP increasing I will be more cautious on Sales numbers. 2XL and the JIB line at Target are doing well. Over subscription to Air Raid. Hesh and Crusher lines have expanded.
We haven't seen the impact of the "Sticky Buds" and Woman's line as they have not yet launched.
The channels are unstuffed or at least Dramatically decreased in old inventory and my store checks show that they have increased control of there channel stocking.
I said I want going to comment logically or contribute FACTS anymore....
O doubt the corner has been turned.
Exciting year ahead! Gift here at anything under 8.
I try to stay inside as much as possible when the temperatures are below zero. :) A pair of crushers would make a great pair of ear muffs though!