I agree, these down days are getting old. That said, I do like the fact that the overall market isn't messing around, it has/is going down fast and hard. This is much better than a slow drip for month after month. Worse case we see a couple more days like today and by week's end it is over. Best case is it is already over and we flatten out for the rest of the week and then head higher in a day or three. I personally do not believe that ANYONE (other than those doing it) know why the market has corrected. I don't believe any of the so-called reasons, I believe it is pure manipulation by a couple very large trading desks, nothing more nothing less. Think about it, none of the reasons currently given for the decline even existed a couple weeks ago, all the reasons were manufactured after the fact to try to explain what was already happening. I've never been a big conspiracy or manipulation guy but I truly believe we are seeing manipulation on a massive scale....and it will end as abruptly as it started. Just not sure if that is tomorrow or next week or next month.
My thinking goes something like this....From a macro standpoint, every stock listed above I already own. Since I owned them last week at even higher prices and thought they were a good deal then, they are clearly even a better deal today now that they are lower. Simple as that.
Also, I believe the economy is doing ok and that most companies are doing extremely well. I can find many stocks to buy below book value, with low PS, with low PE, with high Div yields. Therefore I believe the market is not overpriced and this is simply a healthy correction that will help propel the markets much higher over the next year.
Of those above, I am 100% certain that ACI, ANR are 10 baggers over the next 3 years. I believe HTCH is a 100% sure thing 5 bagger, I believe MEA, INVE will go up several multiples. NUE and HPT are long term money makers given their div and charts. SPDC will see 6 in two weeks.
Only bad thing is I'm often wrong. Dang it.
HTCH, SPDC, MEA, NTWK, ACI, ANR, INVE, NUE, HPT.....and many others.
DOW now down about 7% from peak and S&P down about 5%. My SWAG is about another 2-3% down for both before it flattens and then charges higher for the rest of the year. Happy hunting, just remember to pull the trigger once in a while, looking does no good.
If so, any interesting discussion? Positive upbeat tone or cautious? Lots of attendees or just a handfull? Thanks.
First click on the users name that you like.
Then after the list of his posts comes up, all you have to do is hold your mouse over the subject line of the one you are interested in, hold down your right mouse button and click on "open in a new tab", then a new tab opens and you can see on which company message board the post was written. Great way to find some new tickers of interest. Good luck.
Why o Why o why will they not let it run? I haven't a clue if there is a "they" or who the "they" might be. It doesn't seem to me that enough shares traded hands below 75 or 80 cents for there to be so many "people" taking profits. Just let it run for goodness sake.
A challenge to anyone....name one company that had "good" revenue growth in the last quarter or two whose stock has taken a "hit".
For the purpose of this challenge, let's define "good" as greater than 10% vs. the year ago quarter.
Let's limit the universe of stocks to those with market caps below $1billion.
Good question and a good topic to kill some time. My two bits (and it might be worth less than that) is that EPS is meaningless at this point in this stock market. All that matters is revenue growth....which should be good for SPDC stock.
When I read the earnings release, listened to the cc, and saw the after market yesterday, Yes I thought so. The pre-market today looks sort of strong though. It does have a chance of holding above 2.25ish but I really think it does go below $2 within days and then when volume dries up in a week or two it could get back to 1.50 - 1.70. Part of why I say it and want to believe it is that I want to buy back in but I will not do so unless I think it is a good buy, for me that means 1.60ish.
I hate it that these guys seem to be so accepting of multi-year development cycles. They can do better.
In my opinion, a non-event. They got rid of one old guy and brought in another old guy. Old - for this industry, anyone over 35. I would much rather see the Mad Catz board dominated by a bunch of 20 and 30 year olds than old guys who cannot possibly relate to the customer, the market, the future. The only reason it sort of works with Mad Catz is that our CEO is a visionary of sorts with some good instincts and the BOD does little if anything. DR just needs to learn to follow through on his efforts. Again, just my opinion.
If you bought yesterday, my sympathy is with you. If you haven't bought and still want to, then wait a few days until it is sub-1.70. This is a neat little company but at this point the they really don't seem to have the desire to grow the top line. Perhaps they don't know how, perhaps they don't have the resources, I'm not sure. Last night's results were sad in a few too many ways.
Very true, it is a test of intestinal fortitude....and patience. What keeps me hanging on is that this management team, lead by DR, has guided this company through times much worse than this. They continue to survive and hit the occasional homerun. They are heavily invested themselves and know that this new console cycle will result in much higher sales and profits. Stock will be in the $3 range at some point this CY.
pssstt.........hey smithm8611......pssst......Read a few of my other posts, I am a very long and strong INVE shareholder. I was just trying to urge troy_cummings to do something stupid.....but don't tell anyone. Cheers.
Thanks. Yes I do like banks, especially now. Made quite a bit on WFC and BAC and recently bought back in to BAC, it will continue to rise for several years to come. I like BVA better than CSBB but I haven't decided yet whether I want to buy any BVA.
All that matters is the relative strength of the stock vs the company and the company vs the stock. MCZ is weaker than Mad Catz therefore MCZ is a buy. Simple as that.