Have no fear, it will happen. Any LONG should be drooling in anticipation while watching the 50dMA and 200dMA. The stock price will move above the 200 soon, and more importantly, the 200 will flatten and the 50 will start to move up.....and then cross. Look at the past 10 years, ACI is very very well behaved with respect to the 50 and 200dMA. It behaved exactly as it should and that will now continue to the upside when the 50 crosses, it will trend up for the next several years with the stock price and 50 leading the way.
What is also happening is the number of shares shorted is falling every day, likely now sub-36million. The daily volume is often getting lighter meaning the short interest (in terms of days to cover) is eventually (by July) going to explode upward to 10 days, then 20, then 30 even as the number of shorted shares falls below 30mil, then 20mil, then 10 mil.
For a bullish long like me, this is exactly like watching the exact opposite of a train wreck. Fun times. Buy more and enjoy more. Cheers.
...and by the way, all this global warming, cooling posting is stupid and boring and irrelevant.
Perhaps LOJN was a poor example for you to use.....sorry, couldn't resist.
Sure am. Added some at 37 cents the day after earnings and some earlier this week just below .43. It is a slam dunk, sure thing to be much much higher by Thanksgiving and maybe all time highs in early 2015.
Thank you...but I can read. I asked the question because otterado posted his message many days before the 8k was posted. Perhaps he is in the real estate business, perhaps there was a local article printed, perhaps he has some other source.
Love the optimism and I tend to agree with you. My optimism is based on the last two quarterly reports and the order intake they talked about. It is also an easy comparison vs. year ago. I think we blow right past .10 and settle at .15 for a few months.
You've been a shareholder a long time as well. Why are you thinking the lights will be shot out?
HHHhhhmmmmm, since the total short interest was only 30,000 shares with a market value of about $120,000.......you are apparently a liar. Cheers.
bbh.....you should read your own post over and over and over again.....it is why LONGS always always always win in the stock market. From any level, the most a stock can go down is 100%, yet ACI from this level will go up in excess of 1000% over the next 3 years.
Though I said I wouldn't post til November, what the heck. Your observation is very telling. Fud and all her bashing disappeared the day after earnings.
I was struck by the huge after hours volume that traded the evening of earnings. That was way out of character for MCZ. Clearly it was mostly "the FUDs of the world" stealing shares from the impatient among us. It also marked a rock solid bottom for the stock. I was equally struck by the remarkable strength in the stock the day after earnings. For it to climb ON STRENGTH from 35 to 43 was absolutely remarkable.
I added shares at .37 and just a day or two ago at .428 mainly due to the absolute strengthening balance sheet, cash management, and MCZ trading strength.....and all the market, console, product cycle sort of stuff. The more I thought about the cc, the more I liked it. Darren finally standing up for the progress they have made on reducing debt and cost structure was refreshing to say the least. Going from 47mil to 6mil (after this current quarter) in less than 4 years is impressive. Think about what that means for the stock price going forward if they can continue that pace. And there is every reason to believe the pace will accelerate as sales PROFITABLY increase. Also, his defense of exiting the big box brk-n-mortar was long overdue, finally he told us why ....AND IT MADE SENSE.
It is not only possible, but probably, that Mad Catz will have a balance sheet with a net cash position of $10million after the upcoming FY.....and a stock price that is multiples of today's price.
.......also adding LOJN today on their earnings release this am.
Cheers and keep the faith.
whether to buy the stock, listen. These guys have their act together, great plan, great execution, huge upside with tom tom, rising tide of car sales, improving financials, everything is looking good. LOJN will be over $10 within a year.....in my opinion. I added shares today as well. Nice day to do it since there is volume.
Exactly right. I live 2 hours north of Chicago in the middle of Wis, it will be well below zero on Saturday night, Sunday night, Monday night, with daytime highs of 10F to 18F all the way to March 1st. We just went above 32F with yesterday's high temp for the first time since January 13th! We have had 47 days with below zero temps and should get to about 55 before end of winter! Snowcover is about 30" right now with 8" more coming tomorrow. Snowmobilers, skiers, snowshoers, happy......but ACI shareholders happier!
still be trading at half of fair value while being just over $8. Perspective. This is the time to keep adding shares. Cheers all.
For Q1, Q2, Q3, they have 45 days from end of quarter to report and they typically wait until the last day or two.
For the end of fiscal year Q4, they have 90 days from end of quarter and they typically wait until the last few days which puts it in very late March.
I've urged them in the past to release the numbers earlier but they do what they want. Not a big deal as long as they are consistent.
Hi chart_watcher99, You own some interesting stocks based on the message boards you frequent. NSATF caught my eye and held my interest more and more the deeper I dug. Anyway, my question is ....what do you see as the main reason the firm will grow revenue over the coming years? That is my one concern, that they will have a flat top line. Thanks.
Good points. My biggest concern with them is that their Current Assets are barely greater than Current Liabilities and the quality of the Current Assets is poor with very little Cash and most in Accounts Receivable. The numbers are slightly better than a year or two ago, but they are sure living on the edge.
rfmd won the wager. I am gone from this message board.....but very long the stock and will likely add more as it bursts and pauses and runs and dips all the way to 2.5 in a couple three months. Cheers all.