What it says to me is that many investors are "wired" much differently than me. If I want to buy some shares or sell some shares, a penny or two means nothing. For example, if I wanted to buy those 66k shares I would put in a limit buy order at 59.5 or 60 cents to be sure I get them. If I wanted to sell those 66k shares I would do the same but in reverse, limit sell at 55 cents or maybe just sell in 2 or 3 chunks whenever I saw some quantity on the bid. The reason I think this way is that I do not own MCZ because I am looking for a 5% or 10% or 50% gain. I own it because I believe it will be a 3X-10X gainer from this level....so who cares about a penny or two.
What we don't know about the 66k is whether it is the last of maybe 300k or the first of another 300k coming. What all of us longs on this board do know is that anyone selling now is doing it at just about the worst time possible....right before the greatest (and only) multi-year run the stock has ever had....a run that will see it go past 1, past 2, past 3, past 5.....so who cares about a penny. Cheers.
That reminds me of the old joke......Whats the quickest way to become a millionaire in the stock market?........Start with 3 million.
our very eyes for the last week or so. Smart people are taking HTCH shares from not-so-smart people. Several good intra-day spikes on high volume buying......then the trickle trickle down on super low volume.....then repeat. Those trying to day trade or flip it might make a few dollars but they are going to be left without shares when it takes the next step up....maybe today, maybe next week, maybe next month...but its gonna happen .....step up, step up for the next couple years. Fun times.
hweb2, This may sound flippant but please don't take it that way....Just stop thinking so hard!......Revenue growth of almost 10% YOY with ebitda that is 10% of revenue along with a great dividend and big insider buying is a simple recipe for a rising stock price. It will work every single time whether with DRAD or any other ticker. Cheers.
Care to elaborate a bit? It's early enough in the evening that I understand the meaning of contrarian, but a bit of color would be of interest. Thanks.
I guess the good thing about buying shares per your plan is that you will not have your money tied up too soon, the down side might be you give up some percentage of total return in exchange for the "sure thing" or "more-sure thing". You are also less likely to lose money so I can understand your plan.
I just think that days like today are beautiful times to accumulate shares because they are just hanging there ready to be plucked and (for me) 6 months (worse case) is a short time to wait for a double-plus.
As always, time will tell. Good luck.
Silly seller.....but Thank You!
MCZ-the stock.....this action (or lack thereof) is really stupid (as joey said below). Think about it....The Mad Catz CEO has told the investing public that Mad Catz will have higher revenue than last year and be profitable. He has said the current quarter will have higher revenue than year ago. Then package all that with the console cycle, the insider buying, the truly spectacular balance sheet improvement......AND THE STOCK DOES NOTHING. Sometimes with tiny company stocks things can go un-noticed for a year or so BUT with MCZ there is a strong history of beautiful powerful upward stock moves that were based on far fluffier foundations than we have today. Today there are actually real sustainable reasons why the stock should be much higher. I am certain it will be much higher in the near future.
None of this would matter if there were any buyers......or any sellers. Volume is nothing.
Excellent point and interesting comparison.....VTSI has more revenue than IMSC, More Cash, Less Debt. VTSI is profitable, losses for IMSC, and on and on. VTSI looks better in every way......
IMSC Market Cap is $90million and they have $40+million in Debt!!!!
VTSI Market Cap is $8million and they have $1million in CASH!
Our day will come.
Looks like DRAD has taken a step up to a new trading level. Super great buy-and-forget-about-it stock.....at least for the next 2 or 3 years and maybe lots longer. Nice to own one that you don't have to watch very closely.
Pull up a 5 year chart or a 2 year chart, 27cents seems reasonable. Point being, your case is not a slam dunk. That said, I would guess they up the offer in the mid-30s......which I why I might just be a shareholder by days end....or not, haven't decided yet for sure.
Agree. I will stick with it for awhile longer though I don't own much. Given all the stuff the company has gone through the last couple months, an update from management would be a good thing. Doubt it will happen though. Puzzled.
You're probably right. Someone needs to sell and there just are not any buyers right now. If manipulation, then maybe they wouldn't be so careful about not crashing the price, just unload relentlessly.
...Then again, the type of dips I see all the time are like what "they" did to INVE a couple days ago. They dropped it from 14.7 to 13.4 for a day on normal sort of volume. Now a couple days later it is barreling toward 16 on high volume. This is another to buy the dips. I think "they" do it to gather a few more shares prior to the run.....or not.
Panicky? Really?......Sometimes I simply use these boards to "talk to myself" so I remember why I bought a particular stock in the first place. With MCZ, this is an opportunity to own more shares at a lower price, nothing more, nothing less. Someone gave up or is playing games, not sure, doesn't matter. The only important thing for me is that shares are available to buy, that is good.
Over the last month my largest holding (HTCH) has more than doubled, my third largest (INVE) has doubled in two months, and my 4th and 5th are up about 30% and now clearly in a multi year uptrend that will make them 5 - 10 baggers (ACI, ANR). VTSI is flat and MCZ is now about at my average price, ABHI is down but I barely own any, BAC is snapping back and my calls are very green. I am so panicky because if MCZ goes to ZERO I will still have more money than 1 month ago. Strange world dude.
PS of .4
Debt is down over $40mil over the past several years, Net CASH by year end.
PE for current fiscal year of about 4 - 6.
Revenue growth this fiscal year and next and the one after.
Insider BUYING, no selling at all.
A CEO who is on the record saying the company will get to $300mil plus.
Draw a line on a 15yr stock chart at 50 cents, much more time above than below.
Relationships with Amazon and Sony and Microsoft
Product lines that are not one-season-wonders but have staying power.
The CEO vision and execution to transform the company to stay relevant in the mobile era.
Insider Buying, no selling at all.
A CFO who is really good.
A CEO/CFO who understand the Mad Catz issue and have invested in the sales team.
A CEO/CFO who have PROMISED growth and profit in the current FY and beyond.
A stock price at 57 cents that is at multi-dacade lows.
A stock chart that promises $2.50 within 9 months.
This is the surest thing since sliced bread, HTCH at 1.90, or a drunk UWMadison cheerleader. Cheers all.
PS: ps, you are a piece of smelly doggie-do. carry on though since you are making a donkey of yourself.
PSS: Sept 5: MCZ=62 cents, Sept 12=68cents, Nov 12=91cents, Feb 28=177cents, May 2015-MCZ no longer exists, we will have LOGI shares and $1.25 cash instead. ALL IN MY MOST HUMBLE OPINION.