You just described the behavior of the short term investor, not the long term. Even if the short term guy is correct 70% of the time, their gains will be far less than those of a long termer who holds from $4 to $40 (or even $25).
Hey there d-bag.....you do realize that to a long term investor in ANR, $2=$4=$6, they are the same price in the long run since we are here until ANR goes back to $40+. Sort of sad that you have nothing better to do with your life than hang out here. But hey, if it trips your trigger who am I to judge. Cheers.
For the last couple trading days, it appeared that someone dumped (sold) a large number of shares very late in the day, the last several minutes of the day in fact. Two days ago it was well over 100k shares, today it was about 40k shares.
During most of the trading day both yesterday and today there were fairly large bids at 2.12 and 2.10 about all day. Why didn't the seller simply sell during the day at the 2.12 and 2.10 price points rather than dump "at the market" so very late in the day and end up selling for a lower avg price?
I know if I had several hundred thousand shares that I wanted to sell, I would be much more disciplined about it.
It is quite a bit better than a sharp stick to the eye. Maybe more like a light hammer tap to one's knuckle. While they sold it for $15million, they only get $5million in cash up front and they have to wait a couple three years to get the remaining $10million. I like the fact that this is now gone, but do wish they had gotten a little better deal, even all 15 up front would be a lot better. At least this is now behind them. Now we can go into full rah rah growth chants and actually justify higher multiples given the better margins. Cheers all.
When markets turn down hard, at first I am upset and annoyed. Then I start to feel better and shift some money around and take advantage of the opportunity, that is when the big money is made easily.
I doubt there will be any sort of sustained nasty broad market decline (20%+). Companies in general are way too profitable and have great balance sheets and many already trade sub-book. Also, div yields will protect the big ones from much downside. Also, no big bubbles anywhere to pop. And there is still a ton of money in cash everywhere you look....bank accounts, CDs, money markets, balance sheets, etc.
For about the last year, it seems every 3 months we go through the same pattern, tons of weakness in the week or two leading up to earnings season, then uptrends continue when companies start to announce, then the rest of the quarter is ok.
Thanks jay, I appreciate the endorsement. I like the "ignorant and absurd", that was a nice touch. Seems to me Hutch could ship over 120mil susp this J/A/S quarter, that would give them a positive EPS, simple as that. Remember, Hutch ships lead drive ships by about 1 month.
PS: Today was a great great day for HTCH stock, it finally closed the gap from June 27/30. I will also speculate that shorted shares have dropped to below 100,000, we'll find out for sure in late July. Bullish.
Likely a bit of truth to some of that, however, no big deal either way if it turns out true or false as all those numbers are still pretty good. Also, if the basis of some of their guess work is really TDK then it could bode well for Hutch since TDK is losing some market share to Hutch....in my opinion. Also, Nidec is not a monopoly.
Again today, big indexes down less than 1%, Russell 2000 down close to 2%.
Posting non-public inside info on a message board is just plain stupid. Your first ever post and you might be a law breaker? That must be some kind of record. Perhaps if you had done it by executive order it would be ok. Cheers.
If there ever was a company where there wasn't any leaks, then Mad Catz is it. They've proven this quarter after quarter and year after year. No one ever knows anything ahead of time and the trading post-formal announcements proves it. Perhaps ps480 fell on his head.
Seems to me that someone who posts on the message board of a stock they neither own nor care about is the real loser.
Just so you don't lose any sleep tonight, it is not possible for me to go bankrupt. Even if all my stocks went to zero tomorrow I would still be just fine with plenty-o-money honey. I appreciate your concern.
Lots of weakness across the board for tiny companies. Russell 2000 was down 1.8% today, about 4X more than the S&P500 and DOW. That said, there certainly appears to be a somewhat motivated seller of HTCH stock. Maybe not the brightest of souls since he/she could have unloaded all above 2.5 early last week.
At least we have now started Hutch's Q4 which will (in my opinion) be the first of many profitable quarters. Results will be reported in late October. We should get an announcement this week or next on when they will report Q3, likely in about 2 weeks or so, not expecting much since they already told us to expect a Q similar to Q2.
Late Thursday will be of some interest this week since short interest numbers will be updated through June 30th. Perhaps all the shorts are now gone? Though we might need to wait til the late July numbers through July 15th? Not sure.
All is really just noise at this point and whether you buy shares at 1.50 or 2 or 2.50 it doesn't much matter when the stock is going to be 12+ with 12 months and 25 within a couple years. Cheers.
I apologize, I shouldn't have jumped you like that....but the world of message boards is an odd place.
I do agree that, if done right, a secondary can be a very good thing as long as the company is wise with the proceeds.
If you consider this a nosedive, perhaps not the stock for you. That said, basically every tiny stock is down hard today, lots of weakness in the little guys. Not due do selling but due to lack of buying as evidenced by low volume on many....including MCZ. The difference is that with MCZ you need to be buying because the tide is rising and a tidal wave is approaching.....it arrives in December and will be reported in early Feb.