hey friend, you might want to check your math, selling something at .06 that you bought at .045 is a 33.3% gain.
In my opinion, anyone trading a penny stock like VTSI for a penny or two is a moron. You buy a stock/company like VTSI for the 10 bagger or 20 bagger or more. But whatever trips your trigger.
Pretty much every high tech thing I buy (pc, laptop, gps, game camera, etc.) ends up with me wanting to kill the people that designed it. Maybe that's what happens when you cross over into age 40 and beyond. But the good thing about 40 and beyond is that we can now afford the best gin, the best vodka, the best whiskey, the best brandy, vicodin, percoset, and combinations thereof! Those will take the edge off.
Just to break up the pace on the board and provide a pleasant (perhaps) distraction. A couple of my favorites are on sale today......namely HTCH and MEA. A good time to nibble. I'd say the same about MCZ except I'm about as deep in as I am willing to get on our favorite little stock & company. Both COCO and VTSI are also turning up. Cheers all.
I look at AKS everyday, bought some at 3.5ish in June. Also own NUE in that sector. Big companies have been moneymakers but it sure is more fun making money on the little ones. I always feel like I'm stealing when I make money on stuff like NUE or PEP or MRK or PFE or SO blah blah blah, but I always feel like I earned it when I do well on stuff like MEA, SPDC, VTSI, MCZ, COCO, etc. I guess it's "to each his own" Merry Christmas!
Slowly creeping higher. Better than a poke in the eye. Hope you all have a very Merry Christmas!
Really. Really? You have to resort to telling lies to bash a 5 cent stock? VirTra has significant revenue and is growing revenue. They have bottom line net income, EPS. Zero debt and an ok balance sheet. They are trading at a sub-1 PS and below market EV/EBITDA. Poorly managed? They are actually well managed but do not communicate well with shareholders (no cc at earnings time, for example). Low margin? Are you crazy, their systems are very high margin, gross is over 50%, net is 10% in typical quarter. Believe what you want....if I had your beliefs I would short as much as possible, maybe max out your credit cards or borrow from your mum.
Are you some type of low rent money managers or asian contagion micro-hedge fund? Do you even read the stuff you post? After all these years it boggles my ever-aging brain that you guys spend so much time and effort bashing a tiny company like Mad Catz. I've been on these Yahoo message boards for 12-15 years and you guys are truly in a class by yourselves. Absolutely bizarre.
I've said it before, will say it again, here is why I own MCZ and am a buyer at current price:
1. Look at the chart, it will spike again.
2. Insider buying.
3. Mad Catz is an excellent design house, with good vision and ability to execute.
4. New console cycle will lead to growth in CY2014, 15, and beyond.
5. I love the fact that they do have vision and do sometimes swing for the fences.
6. They are a proven survivor that will adapt and morph as needed to survive for the next decades.
7. 20% chance (my guess) that they get bought out by a larger competitor due to #3 above. In this scenario they would be worth about $1.25 today.
My biggest concern/irritation with Mad Catz is that they do a very poor job of following through on their efforts. Head sets is the latest example. The "Smart" initiative could turn into another. By following through, I mean making a committment to the product and product line and making incremental improvements year after year to all phases of the product - design, manufacturing, cost, forecasting, marketing, etc. Seems to me they give up too quickly and change focus too quickly.
MCZ is one of my top holdings along with HTCH, MEA, ACI. Also own about 15 others.
Mei and Yao, why can't you simply state whether you are long or short MCZ? What is your motive for posting?
I am so tempted to spend the money it would take to identify you. Not to post it here or anything, just so I could contact you and meet you as I am so curious as to who you are and why you do what you do....whatever that is.
I think there are plenty-o-people watching HTCH but I think many want to see the next earnings release in late January and subsequent cc before adding large numbers of shares. The neat thing is that Q2 starts January 1st and the company will (in my opinion) be strongly profitable on an EPS basis in Q3 starting April 1st and reported in late July.
Those who are waiting are betting they might be able to buy shares in the 2.6s between now and end of January and/or believe that even if the results/cc are good that they can buy all they want sub-3.5.
Perhaps they are correct if they are quick on the trigger and only want to buy a few thousand shares. If you are an institution or large retail investor, it will be extremely dificult to buy any significant number of shares below $4 if Jan earnings/cc are good.
Look at today, stock goes down 4% on about 8000 shares. That should keep trigger fingers itchy because it can go up just as fast on similar volume. For example, if I were to enter an order to buy a lowly 20000 shares at the market right now, where would I get my final fill? I'll bet about 3.20.
Just killin time
Add up the market caps of ACI, ANR, JRCC, and a few other coal companies. Then, look at the result.....rub your eyes, look again. Isn't it absolutely incredible that the combined value of all these companies is only a few billion dollars right now! That is less than a typical large "mid-cap" company or a very small "large cap" company. Yet what they do is absolutely essential to our everyday lives and the economic health of the US and world. The industry has huge barriers to entry, will persist for many decades, will grow with the US and world economy, and on and on.
This has to be about the best time ever to buy coal stocks. Thank you shorts and Mr. Market. It is so much easier to make an argument for this industry being worth $50billion as compared to today's sub-$5billion. Buy and relax. What a head scratcher.
Anything sub-$8 is an absolute gift for the long term...the next 2 - 5 years. Take advantage of these prices as ACI and ANR deserve a place in your portfolio. The only reason ACI is at $4 is due to shorts and naked shorts and day trading flippers. Buy shares, turn off your pc, live life, check back one year from now. Cheers.
I don't shock easily but it is shocking to me that amazon has another 15. I had thought the second manufacturing run might not be for another month or two. Perhaps Mad Catz built a few more than the few thousand that I was guessing. Interesting and encouraging.
Good post and exactly right. My biggest gripe with Mad Catz is lack of follow-through or lack of committment on many of their big efforts. That is why I tend to view them as a great boutique design house and see value for a bigger fish to use them in that way.
No kidding, any little tidbit would be so appreciated. Just says to me they don't really care much about stock price and you and I. I would sure love to see a list of exactly who owns all the shares....names and number of shares. Seems the wee bit of buying interest has dried up and someone entered a market buy near the close so they could see 6 instead of 5 over the weekend. Some things never change.
Hi nip, Thanks, I've been watching it daily. I almost convinced myself to buy back at 1.70 but didn't pull the trigger. I've been messing around quite a bit trading ACI on its gyrations while holding a core position for the long term. I really love both ACI and ANR right now....only the short percentage does scare me.
meifud, Then why are you here? Just state your motive and everyone would have much more respect for you and your posts would carry far more weight. If you are short, good for you, just say so. If you are trying to talk it lower to buy some, good for you, just say so. No big deal either way. Cheers.
About all I can do is state the obvious since that is about all I know and trust. This may be a poor comparison, but I sort of look at coal stocks today the same I looked at the banking stocks when they were so low. Only a few years ago WFC was $9 and BAC $5 and many others even lower....yet look where they are today, up multiples. Coal isn't going away and the fact is that there is technology available today to make it burn as clean as nat gas....and that tech is going to get cheaper and cheaper and better and better and coal and you and I will benefit.
a truly fantastic buy ACI (and ANR) stock are at this time. All you have to know is the following:
This message board is full of idiots who believe what they say matters to ACI stock price, how silly.
ACI stock is at a multi-decade low.
ACI stock trades below a very conservative book value.
ACI stock trades at a historically low PS.
Overall US and World energy demand will continue to increase.
Solar, Wind, Biomass can not compete without subsidies.
Nat gas pricing is at historic lows.
Investor demand for ACI debt is super strong.
The US will have a new Senate in 11 months and a new O in only 2+ years.
ACI and ANR are now lean, mean, efficient companies whose profits will explode upward on any increase in revenue.
Money will rotate into this sector at some point in the next 6 months, always has, always will.
The MOMENT short interest starts to decrease, there will be a steady run for the exit.
Biggest concern for a true long willing to hold for a couple years is that a private equity group or wealthy individual will simply buy the company in the next 3 - 6 months. I would also love to see the company aggressively buy back and retire shares even if they would have to increase their debt load dramatically. It would also be a hoot if they declared a $3 or $4 per share one-time dividend.
The only reason the stock is at $4 and not $8 right now is the shorts protecting their profits. At some point they will move on to better targets because it is becoming crystal clear that there is zero chance of ACI shares going to zero.
Not sure why I bothered to write all this, therapeutic I guess. Cheers all.