Seriously. I'm in another 60 cent stock. 66 million shares outstanding. Avg volume is half of HTM. It generally oscillates within the 1 cent range, and frequently trades on the hundredth of cent. Meanwhile this stock is bouncing up and down by a nickel for no good reason on 500k shares.
I've never owned more than 4 different stocks at any one time since 2008. I did buy some SPY's at 193.5 today. I'll hold them indefinitely for the 2% div if I don't get a good price bounce near term. Cash in my TDAmeritrade account earns nothing.
Do you think the anticipated uptick in new gaming console units sold has been factored into analyst's estimates for HDD demand for 2014? From your posts over at HTCH, I'm guessing an extra 10 million drives shipped in 2014 could have a substantial impact on HTCH's results?
These numbers are for X360, XOne, PS3, PS4 and Wiiu by the way. I haven't tracked the others.
No doubt! And he's selling MCZ going into what will be it's biggest five months in years. As long as MCZ can convert those console sales into rev's and then profit, we're golden here. The remainder of 2014 is going to be a fun year.
"Mike Kudrna @MichaelKudrna 55m
Closed out $AKS, bought $AXAS on big pull back, closed out $MCZ and $VTG. Holding long-term spec in $DEJ still. Modest exposure #stocks"
This dude has 4,891 followers on Twitter, so somebody obviously is listening to him.
Furthermore, 25.6M consoles were sold during cy13, and year to date, console sales are running at 41% above last years rate. Should that rate remain constant, then cy14 sales should come in around 36M. Unit sales so far this year are at 11.4M, which implies that sales over the next 5 months should approach 25M units!!! That unit sales level should make for a very solid 2q15 and 3q15. The caveat of course is that MCZ has at least maintained market share in the console peripheral market.
I updated the table to include 2q14 and 2q13 data.
2q13 2,433,833 31.2
3q13 16,538,742 45.0 WiiU introduced this quarter selling 2.4M units
4q13 4,615,361 24.6
1q14 2,900,040 18.7
2q14 2,832,531 17.8
3q14 15,281,086 32.9 XONE & PS4 introduced this quarter selling 7.1M units
4q14 5,911,422 20.2
1q15 4,409,596 ??.?
With the exception of 3q14 vs 3q13, console unit sales have been higher for every quarter over the past four quarter period (1q15 thru 2q14) vs the corresponding quarters the prior year (1q14 thru 2q13).
In fact, 2M more console units have been sold over that four quarter period (28.4M) than the previous four quarter period (26.4M), and almost half of the recent four quarter's console sales have been next gen consoles XONE and PS4.
As long as MCZ hasn't lost market share, positive comps are definitely coming. As to whether or not the company will reach profitability is not clear, but DR has repeated stated fy15 will see "a return to profitability".
Especially given that there is no news driving the trading. You'd figure that most who wanted in would be in, and most who wanted out would be out by know. Must be the bots moving the price around.
I dumped some free cash into SPY's on the selloff this morning. Probably signals a market top lol. But seriously, I figured I'd try scalping a few points here and there off the S&P versus letting my cash sit in my TDAmeritrade account earning almost 0% interest.
Definitely little correlation with the broader market except that market performance can impact consumer confidence which then impacts consumer spending. We need a stable broader market and a confident consumer going into the holiday season!
What's your outlook Bodybag? Hold, buy on dips or sell and run away?
New posts to an existing thread no longer bump the thread. Unless you remember how many "replies" a given thread has received, you have no way of knowing that somebody responded to it.